Liquidity Services (NASDAQ:LQDT) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Liquidity Services (NASDAQ:LQDT) from a buy rating to a strong-buy rating in a research note issued to investors on Friday.

LQDT has been the topic of a number of other reports. Barrington Research restated an outperform rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Thursday, February 8th. TheStreet lowered Liquidity Services from a b- rating to a c+ rating in a report on Thursday, February 8th.

Liquidity Services Stock Up 1.1 %

Shares of Liquidity Services stock opened at $17.95 on Friday. Liquidity Services has a twelve month low of $12.97 and a twelve month high of $21.10. The business has a 50-day moving average price of $17.84 and a 200-day moving average price of $18.01. The firm has a market cap of $551.41 million, a price-to-earnings ratio of 29.92 and a beta of 1.38.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The firm had revenue of $71.33 million for the quarter.

Insider Buying and Selling at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00. Following the completion of the sale, the director now directly owns 19,402 shares of the company’s stock, valued at approximately $339,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 29.77% of the company’s stock.

Institutional Trading of Liquidity Services

Several institutional investors and hedge funds have recently modified their holdings of LQDT. Rice Hall James & Associates LLC grew its position in shares of Liquidity Services by 72.2% during the 1st quarter. Rice Hall James & Associates LLC now owns 339,838 shares of the business services provider’s stock worth $6,321,000 after buying an additional 142,443 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Liquidity Services by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after purchasing an additional 4,100 shares during the period. Campbell & CO Investment Adviser LLC boosted its stake in shares of Liquidity Services by 16.9% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 48,967 shares of the business services provider’s stock valued at $843,000 after purchasing an additional 7,069 shares in the last quarter. Quest Partners LLC bought a new position in Liquidity Services in the fourth quarter worth approximately $126,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Liquidity Services during the fourth quarter worth $471,000. Institutional investors own 71.15% of the company’s stock.

About Liquidity Services

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.