Steven Weiskircher Sells 582 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 582 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.31, for a total transaction of $19,386.42. Following the completion of the sale, the senior vice president now directly owns 88,070 shares in the company, valued at approximately $2,933,611.70. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Liquidity Services Trading Down 1.4 %

NASDAQ LQDT opened at $30.96 on Friday. The stock has a market cap of $951.74 million, a PE ratio of 49.14 and a beta of 1.42. Liquidity Services, Inc. has a 12 month low of $13.99 and a 12 month high of $36.00. The company’s 50-day moving average price is $24.97 and its 200-day moving average price is $22.48.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LQDT shares. Barrington Research reissued an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum upped their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Hedge Funds Weigh In On Liquidity Services

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of Liquidity Services by 7.3% during 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. Barclays PLC raised its position in Liquidity Services by 307.3% during the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after purchasing an additional 29,746 shares in the last quarter. Geode Capital Management LLC raised its position in Liquidity Services by 0.5% during 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 purchasing an additional 2,392 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Liquidity Services by 33.4% in the 3rd quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider’s stock worth $1,258,000 after buying an additional 13,804 shares during the period. Finally, State Street Corp grew 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 buying an additional 13,947 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors.

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.