Liquidity Services (NASDAQ:LQDT) Trading Up 3.8%

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) shot up 3.8% during mid-day trading on Wednesday . The company traded as high as $23.42 and last traded at $23.42. 17,976 shares were traded during mid-day trading, a decline of 85% from the average session volume of 118,419 shares. The stock had previously closed at $22.56.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday, August 26th.

Liquidity Services Trading Up 3.0 %

The stock has a market cap of $708.10 million, a P/E ratio of 35.46 and a beta of 1.37. The stock’s 50-day moving average is $21.53 and its 200-day moving average is $19.64.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $93.61 million for the quarter. Liquidity Services had a net margin of 5.91% and a return on equity of 18.47%. During the same quarter last year, the firm posted $0.28 earnings per share.

Insider Transactions at Liquidity Services

In other news, EVP John Daunt sold 41,454 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $21.75, for a total transaction of $901,624.50. Following the sale, the executive vice president now directly owns 50,712 shares of the company’s stock, valued at $1,102,986. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jorge Celaya sold 3,248 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $21.51, for a total value of $69,864.48. Following the completion of the sale, the chief financial officer now owns 51,988 shares in the company, valued at approximately $1,118,261.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Daunt sold 41,454 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $21.75, for a total transaction of $901,624.50. Following the sale, the executive vice president now directly owns 50,712 shares in the company, valued at $1,102,986. The disclosure for this sale can be found here. Insiders sold a total of 157,345 shares of company stock valued at $3,462,918 in the last three months. 29.77% of the stock is currently owned by corporate insiders.

Institutional Trading of Liquidity Services

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in Liquidity Services by 2.2% during the 4th quarter. Victory Capital Management Inc. now owns 31,950 shares of the business services provider’s stock worth $550,000 after acquiring an additional 682 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Liquidity Services by 6.0% in the fourth quarter. Teacher Retirement System of Texas now owns 29,017 shares of the business services provider’s stock worth $499,000 after purchasing an additional 1,637 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Liquidity Services by 57.3% during the fourth quarter. BNP Paribas Financial Markets now owns 39,368 shares of the business services provider’s stock worth $678,000 after purchasing an additional 14,336 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Liquidity Services by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock worth $19,630,000 after purchasing an additional 7,868 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Liquidity Services by 16.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 49,595 shares of the business services provider’s stock valued at $854,000 after purchasing an additional 6,952 shares in the last quarter. Institutional investors and hedge funds 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.