Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $813,540.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 26,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00. Following the completion of the transaction, the director now directly owns 19,229 shares of the company’s stock, valued at approximately $601,675.41. This trade represents a 57.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 shares were sold at an average price of $31.90, for a total transaction of $63,800.00.

Liquidity Services Trading Up 0.8 %

Shares of NASDAQ:LQDT opened at $31.20 on Tuesday. The company has a market capitalization of $952.54 million, a price-to-earnings ratio of 49.52 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 firm’s 50-day moving average is $25.31 and its 200 day moving average is $22.68.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LQDT shares. Barrington Research restated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum lifted their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Institutional Investors Weigh In On Liquidity Services

Several hedge funds and other institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in Liquidity Services by 9.5% during the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after acquiring an additional 76,794 shares during the period. State Street Corp boosted its stake in shares of Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock valued at $19,433,000 after purchasing an additional 13,947 shares during the period. Geode Capital Management LLC grew its holdings in shares of Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after purchasing an additional 2,392 shares during the last quarter. Acadian Asset Management LLC increased its stake in Liquidity Services by 15.7% in the 2nd 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, Rice Hall James & Associates LLC lifted its holdings in Liquidity Services by 1.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after buying an additional 4,838 shares in the last quarter. 71.15% of the stock is currently owned by hedge funds and other 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.