Barrington Research Reaffirms “Outperform” Rating for Liquidity Services (NASDAQ:LQDT)

Barrington Research reissued their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research report sent to investors on Wednesday morning,Benzinga reports. Barrington Research currently has a $40.00 price objective on the business services provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Craig Hallum lifted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Liquidity Services Stock Up 3.9 %

LQDT opened at $30.60 on Wednesday. The company has a market cap of $949.79 million, a PE ratio of 40.80 and a beta of 1.26. Liquidity Services has a twelve month low of $16.79 and a twelve month high of $39.72. The company has a 50-day moving average price of $33.63 and a 200 day moving average price of $28.15.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results 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%.

Insider Buying and Selling

In other news, VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total value of $213,717.95. Following the completion of the sale, the vice president now owns 36,083 shares of the company’s stock, valued at $1,284,193.97. This represents a 14.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jorge Celaya sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00. Following the sale, the chief financial officer now owns 27,275 shares of the company’s stock, valued at $963,625.75. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,658 shares of company stock worth $3,321,948. 28.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP purchased a new stake in Liquidity Services in the third quarter valued at $488,000. Quest Partners LLC purchased a new stake in Liquidity Services in the 3rd quarter valued at about $463,000. Intech Investment Management LLC acquired a new position in Liquidity Services in the third quarter valued at about $518,000. Pacer Advisors Inc. boosted its stake in Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after buying an additional 76,794 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Liquidity Services by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider’s stock valued at $4,612,000 after acquiring an additional 6,341 shares during the last quarter. 71.15% of the stock is currently 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.