Liquidity Services (NASDAQ:LQDT) Sets New 12-Month High at $23.01

Liquidity Services, Inc. (NASDAQ:LQDT) hit a new 52-week high during trading on Tuesday . The company traded as high as $23.01 and last traded at $22.90, with a volume of 29902 shares trading hands. The stock had previously closed at $22.50.

Analyst Ratings Changes

Separately, Barrington Research restated an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Monday, August 26th.

Liquidity Services Price Performance

The stock has a market capitalization of $687.67 million, a P/E ratio of 34.71 and a beta of 1.37. The stock has a fifty day moving average price of $21.53 and a 200 day moving average price of $19.64.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The business had revenue of $93.61 million during the quarter. During the same quarter in the prior year, the business earned $0.28 EPS.

Insider Activity at Liquidity Services

In other Liquidity Services news, CFO Jorge Celaya sold 3,248 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $21.51, for a total value of $69,864.48. Following the completion of the transaction, the chief financial officer now directly owns 51,988 shares of the company’s stock, valued at approximately $1,118,261.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Liquidity Services news, CFO Jorge Celaya sold 3,248 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $21.51, for a total value of $69,864.48. Following the transaction, the chief financial officer now directly owns 51,988 shares in the company, valued at approximately $1,118,261.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John Daunt sold 7,403 shares of Liquidity Services stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.26, for a total value of $157,387.78. Following the sale, the executive vice president now owns 43,309 shares of the company’s stock, valued at approximately $920,749.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,345 shares of company stock valued at $3,462,918. Corporate insiders own 29.77% of the company’s stock.

Hedge Funds Weigh In On Liquidity Services

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Liquidity Services by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock valued at $33,875,000 after purchasing an additional 52,997 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Liquidity Services by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock valued at $19,630,000 after buying an additional 7,868 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of Liquidity Services by 8.9% during the first quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock valued at $14,470,000 after buying an additional 63,571 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Liquidity Services by 15.7% in the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after buying an additional 68,407 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Liquidity Services by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after buying an additional 4,100 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.

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.