Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski Sells 2,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $32.90, for a total transaction of $65,800.00. Following the completion of the transaction, the director now directly owns 15,229 shares in the company, valued at $501,034.10. The trade was a 11.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 23rd, Edward Kolodzieski sold 2,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00.
• 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 1.0 %

Shares of NASDAQ:LQDT opened at $32.29 on Friday. The firm’s 50 day moving average price is $27.11 and its 200 day moving average price is $23.44. The stock has a market cap of $992.63 million, a price-to-earnings ratio of 51.25 and a beta of 1.42. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $36.00.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Liquidity Services

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Liquidity Services by 11.2% in the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 487 shares in the last quarter. Franklin Resources Inc. raised its holdings in Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 1,019 shares in the last quarter. nVerses Capital LLC acquired a new stake in Liquidity Services in the third quarter valued at approximately $48,000. Geode Capital Management LLC raised its holdings in Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Liquidity Services by 5.2% in the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after acquiring an additional 2,430 shares in the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Company Profile

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.