Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt Sells 25,822 Shares

Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) EVP John Daunt sold 25,822 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $15.11, for a total value of $390,170.42. Following the completion of the transaction, the executive vice president now directly owns 53,074 shares in the company, valued at approximately $801,948.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liquidity Services Trading Down 0.9 %

Shares of LQDT traded down $0.14 during mid-day trading on Friday, hitting $15.02. 72,069 shares of the company’s stock were exchanged, compared to its average volume of 175,240. Liquidity Services, Inc. has a fifty-two week low of $11.97 and a fifty-two week high of $22.59. The firm has a market capitalization of $460.81 million, a P/E ratio of 15.16 and a beta of 1.53. The business’s 50 day moving average is $13.67 and its two-hundred day moving average is $14.17.

Institutional Investors Weigh In On Liquidity Services

Several hedge funds have recently made changes to their positions in LQDT. Millennium Management LLC acquired a new stake in Liquidity Services in the fourth quarter valued at about $4,336,000. Polar Asset Management Partners Inc. acquired a new stake in Liquidity Services in the third quarter valued at about $3,725,000. Silvercrest Asset Management Group LLC lifted its position in Liquidity Services by 22.7% in the first quarter. Silvercrest Asset Management Group LLC now owns 839,978 shares of the business services provider’s stock valued at $11,063,000 after purchasing an additional 155,121 shares during the period. BlackRock Inc. lifted its position in Liquidity Services by 3.4% in the third quarter. BlackRock Inc. now owns 4,144,617 shares of the business services provider’s stock valued at $67,393,000 after purchasing an additional 137,083 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Liquidity Services by 384.8% during the 1st quarter. Acadian Asset Management LLC now owns 154,277 shares of the business services provider’s stock valued at $2,030,000 after acquiring an additional 122,455 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LQDT shares. Barrington Research reaffirmed an “outperform” rating and set a $20.00 price objective on shares of Liquidity Services in a report on Tuesday, February 7th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday.

About Liquidity Services

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Liquidity Services, Inc engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. The GovDeals segment provides self-directed service solutions that enable local and state government entities including city, county, and state agencies to sell surplus and salvage assets through the firm’s GovDeals marketplace.