Liquidity Services Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 1,145 shares of the business’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $10.10, for a total transaction of $11,564.50. Following the transaction, the vice president now owns 2,758 shares of the company’s stock, valued at $27,855.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.60 on Monday. Liquidity Services Inc. has a 12 month low of $4.42 and a 12 month high of $11.49. The stock’s market capitalization is $295.11 million. The company has a 50-day moving average of $10.11 and a 200 day moving average of $7.89.
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, topping the consensus estimate of ($0.09) by $0.16. The business earned $85.18 million during the quarter, compared to the consensus estimate of $72.48 million. Liquidity Services had a negative return on equity of 3.11% and a negative net margin of 15.72%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. On average, equities research analysts anticipate that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. One investment 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. Liquidity Services presently has an average rating of “Hold” and a consensus price target of $6.65.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LQDT. Arizona State Retirement System increased its position in Liquidity Services by 1.6% in the second quarter. Arizona State Retirement System now owns 12,737 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC purchased a new position in Liquidity Services during the second quarter valued at about $118,000. Brandes Investment Partners LP increased its position in Liquidity Services by 29.2% in the second quarter. Brandes Investment Partners LP now owns 15,374 shares of the company’s stock valued at $121,000 after buying an additional 3,475 shares during the period. American International Group Inc. increased its position in Liquidity Services by 0.6% in the second quarter. American International Group Inc. now owns 18,492 shares of the company’s stock valued at $145,000 after buying an additional 113 shares during the period. Finally, Nationwide Fund Advisors increased its position in Liquidity Services by 24.6% in the second quarter. Nationwide Fund Advisors now owns 19,477 shares of the company’s stock valued at $153,000 after buying an additional 3,850 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.
Liquidity Services Company Profile
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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