Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 38,471 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $37.99, for a total value of $1,461,513.29. Following the sale, the director owned 164,380 shares of the company’s stock, valued at $6,244,796.20. This trade represents a 18.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Jaime Mateus-Tique also recently made the following trade(s):
- On Monday, June 22nd, Jaime Mateus-Tique sold 1,011 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total value of $38,367.45.
- On Thursday, June 18th, Jaime Mateus-Tique sold 9,791 shares of Liquidity Services stock. The shares were sold at an average price of $37.95, for a total transaction of $371,568.45.
- On Tuesday, June 16th, Jaime Mateus-Tique sold 33,727 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total transaction of $1,279,939.65.
- On Monday, June 15th, Jaime Mateus-Tique sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total transaction of $75,900.00.
- On Monday, May 11th, Jaime Mateus-Tique sold 6,913 shares of Liquidity Services stock. The shares were sold at an average price of $34.52, for a total transaction of $238,636.76.
Liquidity Services Stock Up 1.2%
Shares of Liquidity Services stock opened at $38.90 on Thursday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 41.83 and a beta of 1.09. Liquidity Services, Inc. has a 52-week low of $21.67 and a 52-week high of $39.55. The company’s 50-day simple moving average is $35.71 and its 200-day simple moving average is $32.77.
Hedge Funds Weigh In On Liquidity Services
Hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Liquidity Services by 451.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock worth $64,000 after purchasing an additional 2,210 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Liquidity Services by 20.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider’s stock valued at $71,000 after buying an additional 363 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Liquidity Services in the first quarter valued at $97,000. Fifth Third Bancorp raised its stake in shares of Liquidity Services by 4,505.7% during the 1st quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $99,000 after buying an additional 3,154 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Liquidity Services during the 4th quarter worth $163,000. 71.15% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Zacks Research lowered Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Barrington Research reissued an “outperform” rating and issued a $44.00 target price on shares of Liquidity Services in a report on Thursday, May 21st. Weiss Ratings upgraded shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.00.
View Our Latest Report on LQDT
About Liquidity Services
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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