Liquidity Services (NASDAQ:LQDT) Shares Pass Above 200 Day Moving Average of $19.99

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.99 and traded as high as $22.85. Liquidity Services shares last traded at $22.80, with a volume of 102,950 shares traded.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Monday, August 26th.

Liquidity Services Trading Up 1.6 %

The firm has a market cap of $694.99 million, a P/E ratio of 35.08 and a beta of 1.37. The business has a 50-day moving average of $22.00 and a two-hundred day moving average of $19.99.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The firm had revenue of $93.61 million for the quarter. During the same quarter last year, the firm posted $0.28 EPS.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, SVP Steven Weiskircher sold 20,045 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $21.80, for a total value of $436,981.00. Following the sale, the senior vice president now owns 80,097 shares in the company, valued at approximately $1,746,114.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Jorge Celaya sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.03, for a total value of $220,300.00. Following the transaction, the chief financial officer now directly owns 52,407 shares of the company’s stock, valued at approximately $1,154,526.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Steven Weiskircher sold 20,045 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $21.80, for a total value of $436,981.00. Following the completion of the transaction, the senior vice president now directly owns 80,097 shares in the company, valued at $1,746,114.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,345 shares of company stock worth $3,462,918. Insiders own 29.77% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Liquidity Services by 3.0% during the 1st quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock worth $33,875,000 after buying an additional 52,997 shares during the period. Acadian Asset Management LLC raised its stake in Liquidity Services by 7.2% during the 1st quarter. Acadian Asset Management LLC now owns 435,193 shares of the business services provider’s stock worth $8,089,000 after buying an additional 29,070 shares during the period. Wellington Management Group LLP raised its stake in Liquidity Services by 1.0% during the 4th quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after buying an additional 4,100 shares during the period. Silvercrest Asset Management Group LLC raised its stake in Liquidity Services by 8.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock worth $14,470,000 after buying an additional 63,571 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Liquidity Services by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock worth $19,630,000 after buying an additional 7,868 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

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.