Liquidity Services Inc. (NASDAQ:LQDT) insider Gardner H. Dudley sold 1,882 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $10.65, for a total transaction of $20,043.30. Following the transaction, the insider now directly owns 29,024 shares of the company’s stock, valued at $309,105.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Liquidity Services Inc. (NASDAQ:LQDT) opened at 10.00 on Monday. Liquidity Services Inc. has a 1-year low of $4.42 and a 1-year high of $11.49. The company has a 50 day moving average of $10.10 and a 200 day moving average of $7.74. The company’s market capitalization is $307.41 million.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.16. The company had revenue of $85.18 million for the quarter, compared to analyst estimates of $72.48 million. Liquidity Services had a negative return on equity of 3.11% and a negative net margin of 15.72%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. On average, analysts predict that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Liquidity Services by 164.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,233 shares of the company’s stock valued at $333,000 after buying an additional 39,915 shares during the period. Prudential Financial Inc. raised its position in shares of Liquidity Services by 37.9% in the first quarter. Prudential Financial Inc. now owns 87,299 shares of the company’s stock valued at $452,000 after buying an additional 23,986 shares during the period. Diversified Investment Strategies LLC raised its position in shares of Liquidity Services by 1.8% in the first quarter. Diversified Investment Strategies LLC now owns 121,700 shares of the company’s stock valued at $630,000 after buying an additional 2,175 shares during the period. Geode Capital Management LLC raised its position in shares of Liquidity Services by 15.7% in the first quarter. Geode Capital Management LLC now owns 187,891 shares of the company’s stock valued at $972,000 after buying an additional 25,504 shares during the period. Finally, Bogle Investment Management L P DE acquired a new position in shares of Liquidity Services during the first quarter valued at about $513,000. 65.33% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Liquidity Services presently has a consensus rating of “Hold” and a consensus target price of $6.65.
Liquidity Services Company Profile
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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