Liquidity Services Inc. (NASDAQ:LQDT)’s share price fell 3.5% during trading on Thursday following insider selling activity. The company traded as low as $9.55 and last traded at $9.60, with a volume of 79,467 shares trading hands. The stock had previously closed at $9.95.
Specifically, CFO Jorge Celaya sold 6,636 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $10.65, for a total transaction of $70,673.40. Following the sale, the chief financial officer now owns 53,382 shares of the company’s stock, valued at approximately $568,518.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Segundo Leoncio Casusol sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $10.18, for a total transaction of $76,350.00. Following the sale, the insider now directly owns 7,500 shares in the company, valued at approximately $76,350. The disclosure for this sale can be found here. Corporate insiders own 21.60% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. One research 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. The stock has a consensus rating of “Hold” and a consensus target price of $6.65.
The firm’s market cap is $295.11 million. The company’s 50 day moving average is $10.11 and its 200-day moving average is $7.89.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $72.48 million. During the same quarter last year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts predict that Liquidity Services Inc. will post ($0.09) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Boston Investment Management Inc. raised its position 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 valued at $2,742,000 after buying an additional 1,927 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Liquidity Services during the third quarter valued at $1,078,000. Aristotle Capital Boston LLC boosted its stake in shares of Liquidity Services by 1.5% in the second quarter. Aristotle Capital Boston LLC now owns 159,663 shares of the company’s stock valued at $1,252,000 after buying an additional 2,375 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Liquidity Services by 45.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 85,868 shares of the company’s stock valued at $674,000 after buying an additional 26,892 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in shares of Liquidity Services during the second quarter valued at $158,000. 65.33% of the stock is owned by institutional investors and hedge funds.