Liquidity Services Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 1,145 shares of the company’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $10.10, for a total transaction of $11,564.50. Following the completion of the transaction, the vice president now directly owns 2,758 shares in the company, valued at approximately $27,855.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.60 on Friday. The stock’s market capitalization is $295.11 million. The company has a 50-day moving average of $10.11 and a 200 day moving average of $7.85. Liquidity Services Inc. has a 12 month low of $4.42 and a 12 month high of $11.49.
Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company 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 firm’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a 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 company currently has a consensus rating of “Hold” and an average target price of $6.65.
A number of large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its stake 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 in the last quarter. Acrospire Investment Management LLC acquired a new position in shares of Liquidity Services during the second quarter valued at $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 valued at $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 valued at $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 valued at $153,000 after buying an additional 3,850 shares in the last quarter. Institutional investors own 65.33% of the company’s stock.
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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