Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski Sells 26,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 26,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 19,229 shares of the company’s stock, valued at approximately $601,675.41. This represents a 57.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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.

Liquidity Services Stock Up 0.8 %

Shares of Liquidity Services stock 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. The stock’s 50-day simple moving average is $25.31 and its 200-day simple moving average is $22.68. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $36.00.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings 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 buying an additional 1,005 shares in the last quarter. Franklin Resources Inc. grew its stake in 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 acquiring an additional 1,019 shares in the last quarter. nVerses Capital LLC bought a new stake in Liquidity Services in the 3rd quarter valued at $48,000. Geode Capital Management LLC lifted its stake 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 purchasing an additional 2,392 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Liquidity Services by 5.2% during 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 purchasing an additional 2,430 shares during the last quarter. 71.15% of the stock is 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.