Insider Selling: Liquidity Services, Inc. (LQDT) Insider Sells 9,816 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider James M. Rallo sold 9,816 shares of the stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $7.65, for a total value of $75,092.40. Following the sale, the insider now owns 9,816 shares in the company, valued at $75,092.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of LQDT stock opened at $7.99 on Monday. Liquidity Services, Inc. has a 12-month low of $4.70 and a 12-month high of $8.06. The stock has a market capitalization of $250.73 million, a PE ratio of -15.98 and a beta of 0.82.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, December 6th. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.14). Liquidity Services had a negative return on equity of 11.97% and a negative net margin of 5.60%. The firm had revenue of $52.71 million for the quarter, compared to analysts’ expectations of $48.36 million. On average, research analysts anticipate that Liquidity Services, Inc. will post -0.34 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on LQDT shares. Barrington Research restated a “buy” rating and issued a $10.00 price target on shares of Liquidity Services in a research note on Sunday, December 9th. BidaskClub upgraded Liquidity Services from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet upgraded Liquidity Services from a “d” rating to a “c-” rating in a research note on Wednesday, December 12th. ValuEngine upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Finally, Zacks Investment Research downgraded Liquidity Services from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $9.13.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LQDT. Schwab Charles Investment Management Inc. grew its position in Liquidity Services by 23.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,111 shares of the business services provider’s stock worth $853,000 after acquiring an additional 24,529 shares in the last quarter. BlackRock Inc. grew its position in Liquidity Services by 6.3% in the second quarter. BlackRock Inc. now owns 3,607,985 shares of the business services provider’s stock worth $23,632,000 after acquiring an additional 214,894 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Liquidity Services by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,434,945 shares of the business services provider’s stock worth $9,399,000 after acquiring an additional 114,540 shares in the last quarter. Renaissance Technologies LLC grew its position in Liquidity Services by 0.8% in the second quarter. Renaissance Technologies LLC now owns 2,184,196 shares of the business services provider’s stock worth $14,306,000 after acquiring an additional 17,307 shares in the last quarter. Finally, Northern Trust Corp grew its position in Liquidity Services by 3.0% in the second quarter. Northern Trust Corp now owns 353,820 shares of the business services provider’s stock worth $2,317,000 after acquiring an additional 10,399 shares in the last quarter. Institutional investors own 65.23% of the company’s stock.

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Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

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Insider Buying and Selling by Quarter for Liquidity Services (NASDAQ:LQDT)

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