Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher Sells 10,815 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 10,815 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the transaction, the senior vice president now directly owns 58,401 shares of the company’s stock, valued at approximately $1,985,049.99. This trade represents a 15.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Steven Weiskircher also recently made the following trade(s):

• On Wednesday, February 12th, Steven Weiskircher sold 5,000 shares of Liquidity Services stock. The shares were sold at an average price of $35.26, for a total value of $176,300.00.
• On Monday, December 16th, Steven Weiskircher sold 582 shares of Liquidity Services stock. The stock was sold at an average price of $33.31, for a total value of $19,386.42.

Liquidity Services Trading Up 3.5 %

Shares of Liquidity Services stock opened at $35.55 on Thursday. The company’s 50-day moving average price is $32.85 and its 200-day moving average price is $26.29. Liquidity Services, Inc. has a 12-month low of $15.79 and a 12-month high of $39.72. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Hedge Funds Weigh In On Liquidity Services

A number of institutional investors have recently added to or reduced their stakes in LQDT. Harvest Fund Management Co. Ltd purchased a new position in shares of Liquidity Services during the fourth quarter worth about $38,000. nVerses Capital LLC bought a new stake in Liquidity Services during the third quarter valued at approximately $48,000. R Squared Ltd purchased a new position in Liquidity Services in the 4th quarter worth approximately $66,000. GAMMA Investing LLC increased its holdings in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Liquidity Services during the 4th quarter valued at $132,000. 71.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Craig Hallum increased their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Finally, Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Tuesday.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.