Liquidity Services Inc. (NASDAQ:LQDT) insider Gardner H. Dudley sold 2,006 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $10.51, for a total value of $21,083.06. Following the completion of the sale, the insider now directly owns 29,024 shares in the company, valued at approximately $305,042.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Liquidity Services Inc. (NASDAQ:LQDT) opened at 10.00 on Monday. The stock’s 50 day moving average price is $10.10 and its 200 day moving average price is $7.74. Liquidity Services Inc. has a 12 month low of $4.42 and a 12 month high of $11.49. The company’s market capitalization is $307.41 million.
Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.16. Liquidity Services had a negative return on equity of 3.11% and a negative net margin of 15.72%. The business earned $85.18 million during the quarter, compared to analyst estimates of $72.48 million. During the same quarter in the previous year, the company posted $0.14 earnings per share. Liquidity Services’s revenue for the quarter was down 5.1% on a year-over-year basis. Equities research analysts anticipate that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Los Angeles Capital Management & Equity Research Inc. raised its stake in Liquidity Services by 164.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,233 shares of the company’s stock valued at $333,000 after buying an additional 39,915 shares in the last quarter. Prudential Financial Inc. raised its stake in Liquidity Services by 37.9% in the first quarter. Prudential Financial Inc. now owns 87,299 shares of the company’s stock valued at $452,000 after buying an additional 23,986 shares in the last quarter. Diversified Investment Strategies LLC raised its stake in Liquidity Services by 1.8% in the first quarter. Diversified Investment Strategies LLC now owns 121,700 shares of the company’s stock valued at $630,000 after buying an additional 2,175 shares in the last quarter. Geode Capital Management LLC raised its stake in Liquidity Services by 15.7% in the first quarter. Geode Capital Management LLC now owns 187,891 shares of the company’s stock valued at $972,000 after buying an additional 25,504 shares in the last quarter. Finally, Bogle Investment Management L P DE bought a new stake in Liquidity Services during the first quarter valued at about $513,000. 65.33% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut Liquidity Services from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Liquidity Services currently has a consensus rating of “Hold” and a consensus target price of $6.65.
About Liquidity Services
Liquidity Services, Inc is an online auction marketplace for surplus and salvage assets. The Company operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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