Roger Gravley Sells 8,545 Shares of Liquidity Services, Inc. (LQDT) Stock
Liquidity Services, Inc. (NASDAQ:LQDT) insider Roger Gravley sold 8,545 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total transaction of $49,561.00. Following the completion of the transaction, the insider now directly owns 9,702 shares in the company, valued at $56,271.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Liquidity Services, Inc. (LQDT) traded down 2.016% during trading on Friday, hitting $6.075. 12,952 shares of the stock were exchanged. The stock’s 50 day moving average is $5.82 and its 200-day moving average is $6.60. Liquidity Services, Inc. has a one year low of $5.50 and a one year high of $10.50. The company’s market cap is $191.38 million.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. Liquidity Services had a negative net margin of 27.52% and a negative return on equity of 16.59%. The business had revenue of $65.50 million for the quarter, compared to analysts’ expectations of $79.56 million. During the same period in the previous year, the business earned $0.07 earnings per share. The company’s revenue was down 23.1% on a year-over-year basis. On average, equities research analysts expect that Liquidity Services, Inc. will post ($0.91) earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of Liquidity Services by 22.0% during the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock valued at $12,581,000 after purchasing an additional 357,240 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Liquidity Services by 5.7% during the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock valued at $10,477,000 after purchasing an additional 71,139 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Liquidity Services by 14.0% during the second quarter. Dimensional Fund Advisors LP now owns 902,983 shares of the business services provider’s stock valued at $5,734,000 after purchasing an additional 110,643 shares in the last quarter. Robotti Robert raised its stake in shares of Liquidity Services by 4.5% during the second quarter. Robotti Robert now owns 415,194 shares of the business services provider’s stock valued at $2,488,000 after purchasing an additional 18,000 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Liquidity Services by 4.8% during the second quarter. Northern Trust Corp now owns 347,062 shares of the business services provider’s stock valued at $2,204,000 after purchasing an additional 15,912 shares in the last quarter. Institutional investors and hedge funds own 67.55% of the company’s stock.
Several brokerages have issued reports on LQDT. Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd.
About Liquidity Services
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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