Liquidity Services Inc. (LQDT) CFO Jorge Celaya Sells 2,955 Shares of Stock
Liquidity Services Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 2,955 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $10.52, for a total value of $31,086.60. Following the completion of the transaction, the chief financial officer now owns 53,382 shares in the company, valued at approximately $561,578.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Jorge Celaya also recently made the following trade(s):
- On Wednesday, October 5th, Jorge Celaya sold 7,073 shares of Liquidity Services stock. The stock was sold at an average price of $10.51, for a total value of $74,337.23.
- On Monday, October 3rd, Jorge Celaya sold 6,636 shares of Liquidity Services stock. The stock was sold at an average price of $10.65, for a total value of $70,673.40.
Shares of Liquidity Services Inc. (NASDAQ:LQDT) opened at 10.44 on Thursday. The company’s market capitalization is $320.94 million. The company has a 50-day moving average price of $10.07 and a 200 day moving average price of $7.69. Liquidity Services Inc. has a one year low of $4.42 and a one year high of $11.49.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.16. Liquidity Services had a negative net margin of 15.72% and a negative return on equity of 3.11%. The business had revenue of $85.18 million for the quarter, compared to the consensus estimate of $72.48 million. During the same period in the prior year, the business posted $0.14 earnings per share. Liquidity Services’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts forecast that Liquidity Services Inc. will post ($0.09) EPS for the current fiscal year.
Separately, Zacks Investment Research cut Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.65.
A number of institutional investors have recently bought and sold shares of LQDT. Roumell Asset Management LLC increased its position in Liquidity Services by 42.3% in the first quarter. Roumell Asset Management LLC now owns 584,560 shares of the company’s stock valued at $3,028,000 after buying an additional 173,770 shares during the last quarter. Sterneck Capital Management LLC acquired a new position in Liquidity Services during the first quarter valued at approximately $853,000. Bogle Investment Management L P DE acquired a new position in Liquidity Services during the first quarter valued at approximately $513,000. Robotti Robert increased its position in Liquidity Services by 31.0% in the second quarter. Robotti Robert now owns 406,369 shares of the company’s stock valued at $3,186,000 after buying an additional 96,269 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Liquidity Services by 9.5% in the second quarter. Acadian Asset Management LLC now owns 1,054,694 shares of the company’s stock valued at $8,269,000 after buying an additional 91,489 shares during the last quarter. 65.33% of the stock is currently owned by hedge funds and other institutional investors.
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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