Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $63,800.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $31.90, for a total transaction of $63,800.00. Following the completion of the sale, the director now directly owns 17,229 shares of the company’s stock, valued at approximately $549,605.10. This trade represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Edward Kolodzieski also recently made the following trade(s):

• On Friday, December 20th, Edward Kolodzieski sold 26,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00.

Liquidity Services Stock Up 1.7 %

NASDAQ LQDT opened at $31.72 on Thursday. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $36.00. The company has a 50 day moving average price of $25.67 and a 200 day moving average price of $22.83. The firm has a market cap of $975.10 million, a PE ratio of 50.35 and a beta of 1.42.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LQDT. Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a report on Tuesday, December 10th. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st. Finally, Craig Hallum upped their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

Hedge Funds Weigh In On Liquidity Services

A number of large investors have recently made changes to their positions in LQDT. Royce & Associates LP purchased a new position in Liquidity Services during the 3rd quarter worth $488,000. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services in the third quarter worth about $1,311,000. Intech Investment Management LLC purchased a new stake in shares of Liquidity Services during the third quarter worth about $518,000. Acadian Asset Management LLC increased its holdings in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after acquiring an additional 68,407 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Liquidity Services by 31.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 5,929 shares during the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

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.