Liquidity Services Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 6,636 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $10.65, for a total value of $70,673.40. Following the completion of the transaction, the chief financial officer now owns 53,382 shares in the company, valued at approximately $568,518.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Jorge Celaya also recently made the following trade(s):
- On Wednesday, October 5th, Jorge Celaya sold 7,073 shares of Liquidity Services stock. The shares were sold at an average price of $10.51, for a total value of $74,337.23.
- On Tuesday, October 4th, Jorge Celaya sold 2,955 shares of Liquidity Services stock. The shares were sold at an average price of $10.52, for a total value of $31,086.60.
Liquidity Services Inc. (NASDAQ:LQDT) traded down 0.38% during trading on Wednesday, reaching $10.44. The company’s stock had a trading volume of 144,284 shares. Liquidity Services Inc. has a 52 week low of $4.42 and a 52 week high of $11.49. The stock’s market capitalization is $320.94 million. The firm has a 50 day moving average of $10.07 and a 200 day moving average of $7.69.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the 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 analysts’ expectations of $72.48 million. During the same quarter last year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Analysts expect that Liquidity Services Inc. will post ($0.09) EPS for the current year.
Several institutional investors have recently modified their holdings of LQDT. Arizona State Retirement System boosted its position in shares of Liquidity Services by 1.6% in the second quarter. Arizona State Retirement System now owns 12,737 shares of the company’s stock valued at $100,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Liquidity Services during the second quarter worth about $118,000. Brandes Investment Partners LP boosted its position in shares of Liquidity Services by 29.2% in the second quarter. Brandes Investment Partners LP now owns 15,374 shares of the company’s stock worth $121,000 after buying an additional 3,475 shares in the last quarter. American International Group Inc. boosted its position in shares of Liquidity Services by 0.6% in the second quarter. American International Group Inc. now owns 18,492 shares of the company’s stock worth $145,000 after buying an additional 113 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its position in shares of Liquidity Services by 24.6% in the second quarter. Nationwide Fund Advisors now owns 19,477 shares of the company’s stock worth $153,000 after buying an additional 3,850 shares in the last quarter. 65.33% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research cut Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $6.65.
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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