Novelette Murray Sells 7,938 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 7,938 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the completion of the transaction, the insider now directly owns 36,181 shares of the company’s stock, valued at approximately $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Novelette Murray also recently made the following trade(s):

• On Wednesday, February 12th, Novelette Murray sold 10,000 shares of Liquidity Services stock. The stock was sold at an average price of $34.88, for a total value of $348,800.00.

Liquidity Services Price Performance

LQDT stock opened at $33.48 on Friday. The business has a fifty day moving average price of $34.15 and a 200 day moving average price of $27.37. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 44.64 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Craig Hallum raised their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a report on Tuesday, February 11th. Finally, StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Pacer Advisors Inc. boosted its position in Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after buying an additional 76,794 shares during the last quarter. State Street Corp boosted its position in Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock valued at $19,433,000 after buying an additional 13,947 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Liquidity Services by 651.4% in the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock valued at $25,790,000 after buying an additional 692,390 shares during the last quarter. Geode Capital Management LLC boosted its position in Liquidity Services by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after buying an additional 2,392 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock valued at $14,768,000 after buying an additional 167,767 shares during the last quarter. 71.15% of the stock is currently owned by 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.