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

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $32.90, for a total value of $65,800.00. Following the transaction, the director now owns 15,229 shares of the company’s stock, valued at $501,034.10. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 stock was 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 Down 1.1 %

Liquidity Services stock traded down $0.35 during trading on Thursday, reaching $31.94. The stock had a trading volume of 190,526 shares, compared to its average volume of 142,069. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $36.00. The stock has a market cap of $981.87 million, a PE ratio of 50.70 and a beta of 1.42. The business has a 50 day moving average price of $26.69 and a 200 day moving average price of $23.28.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Liquidity Services

Several institutional investors have recently modified their holdings of LQDT. Royce & Associates LP purchased a new position in Liquidity Services in the third quarter valued at $488,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services during the 3rd quarter worth about $1,311,000. Barclays PLC increased its holdings in shares of Liquidity Services by 307.3% in the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after acquiring an additional 29,746 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Liquidity Services in the 3rd quarter valued at about $518,000. Finally, State Street Corp raised its position in shares of Liquidity Services by 1.7% during the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after acquiring an additional 13,947 shares in the last quarter. 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.