Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski Sells 2,000 Shares of Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $32.90, for a total transaction of $65,800.00. Following the transaction, the director now owns 15,229 shares in the company, valued at $501,034.10. This represents a 11.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Edward Kolodzieski also recently made the following trade(s):

• On Monday, December 23rd, Edward Kolodzieski sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $31.90, for a total value of $63,800.00.
• On Friday, December 20th, Edward Kolodzieski sold 26,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.29, for a total value of $813,540.00.

Liquidity Services Trading Down 1.0 %

Shares of NASDAQ:LQDT opened at $31.96 on Friday. The stock has a fifty day simple moving average of $26.90 and a two-hundred day simple moving average of $23.34. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $36.00. The stock has a market capitalization of $982.48 million, a price-to-earnings ratio of 50.73 and a beta of 1.42.

Hedge Funds Weigh In On Liquidity Services

Several large investors have recently modified their holdings of LQDT. GAMMA Investing LLC grew its position in Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,005 shares during the last quarter. Franklin Resources Inc. grew its holdings 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 buying an additional 1,019 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Liquidity Services during the third quarter valued at approximately $48,000. Geode Capital Management LLC raised its holdings in Liquidity Services by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its position in Liquidity Services by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after acquiring an additional 2,430 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LQDT shares. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st. Finally, Craig Hallum boosted their price objective 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.

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.