Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) CEO William P. Angrick III sold 19,224 shares of the company's stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $18.00, for a total transaction of $346,032.00. Following the transaction, the chief executive officer now directly owns 5,458,123 shares in the company, valued at $98,246,214. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Liquidity Services Stock Down 4.1 %
NASDAQ:LQDT traded down $0.66 during trading hours on Friday, reaching $15.60. 2,369 shares of the company's stock were exchanged, compared to its average volume of 158,896. The business's 50-day simple moving average is $18.00 and its two-hundred day simple moving average is $16.43. Liquidity Services, Inc. has a 12 month low of $11.39 and a 12 month high of $28.73. The company has a market capitalization of $555.05 million, a P/E ratio of 8.65 and a beta of 1.41.
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Analyst Upgrades and Downgrades
Several research firms have issued reports on LQDT. StockNews.com raised shares of Liquidity Services from a "hold" rating to a "buy" rating in a research note on Saturday, September 3rd. TheStreet lowered shares of Liquidity Services from a "b-" rating to a "c+" rating in a report on Friday, June 24th. Finally, Craig Hallum initiated coverage on shares of Liquidity Services in a research note on Monday, June 27th. They set a "buy" rating and a $28.00 price objective on the stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors grew its stake in Liquidity Services by 87.0% in the 1st quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider's stock valued at $35,000 after buying an additional 954 shares during the last quarter. KBC Group NV bought a new position in shares of Liquidity Services in the second quarter worth about $32,000. Meeder Asset Management Inc. raised its stake in shares of Liquidity Services by 153.6% in the first quarter. Meeder Asset Management Inc. now owns 2,873 shares of the business services provider's stock worth $49,000 after acquiring an additional 1,740 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Liquidity Services during the fourth quarter worth approximately $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Liquidity Services during the second quarter worth approximately $53,000. Institutional investors own 66.03% of the company's stock.
About Liquidity Services
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Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company's 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.
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