Trade Report: The Liquidity Services Inc. (LQDT) CFO Jorge Celaya Sold 12,061 Shares

The Liquidity Services Inc. (LQDT) CFO Jorge Celaya Sold 12,061 Shares

Liquidity Services Inc. (NASDAQ:LQDT) CFO Jorge Celaya sold 12,061 shares of the business’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $10.10, for a total transaction of $121,816.10. Following the completion of the transaction, the chief financial officer now directly owns 33,611 shares of the company’s stock, valued at approximately $339,471.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Jorge Celaya also recently made the following trade(s): On Wednesday, October 5th, Jorge Celaya sold 7,073 shares of Liquidity Services stock. The shares were sold at an average price of $10.51, for a total transaction of $74,337.23. On Tuesday, October 4th, Jorge Celaya sold 2,955 shares of Liquidity Services stock. The shares were sold at an average price of $10.52, for a total transaction of $31,086.60. On Monday, October 3rd, Jorge Celaya sold 6,636 shares of Liquidity Services stock. The shares were sold at an average price of $10.65, for a total transaction of $70,673.40.

Liquidity Services Inc. (NASDAQ:LQDT) opened at 9.95 on Thursday. The company has a 50-day moving average of $10.12 and a 200-day moving average of $7.84. The firm’s market capitalization is $305.87 million. Liquidity Services Inc. has a 52 week low of $4.42 and a 52 week high of $11.49.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.16. Liquidity Services had a negative net margin of 15.72% and a negative return on equity of 3.11%. The business earned $85.18 million during the quarter, compared to the consensus estimate of $72.48 million. During the same quarter last year, the firm earned $0.14 earnings per share. Liquidity Services’s quarterly revenue was down 5.1% on a year-over-year basis. On average, equities analysts forecast that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.

Separately, Zacks Investment Research lowered shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.65.

Institutional investors have recently made changes to their positions in the company. Eagle Boston Investment Management Inc. boosted its stake in Liquidity Services by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 243,985 shares of the company’s stock worth $2,742,000 after buying an additional 1,927 shares during the last quarter. Algert Global LLC bought a new stake in Liquidity Services during the third quarter worth approximately $1,078,000. Aristotle Capital Boston LLC boosted its stake in Liquidity Services by 1.5% in the second quarter. Aristotle Capital Boston LLC now owns 159,663 shares of the company’s stock worth $1,252,000 after buying an additional 2,375 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Liquidity Services by 45.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 85,868 shares of the company’s stock worth $674,000 after buying an additional 26,892 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY bought a new stake in Liquidity Services during the second quarter worth approximately $158,000. 65.33% of the stock is owned by institutional investors and hedge funds.

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