Liquidity Services (NASDAQ:LQDT – Get Rating) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.
LQDT has been the topic of several other research reports. TheStreet raised shares of Liquidity Services from a “c+” rating to a “b-” rating in a report on Thursday, October 20th. Barrington Research cut their price objective on shares of Liquidity Services from $26.00 to $20.00 in a research report on Friday, December 9th.
Liquidity Services Stock Up 1.2 %
Shares of LQDT stock opened at $14.00 on Tuesday. The firm has a market capitalization of $501.17 million, a PE ratio of 11.67 and a beta of 1.33. The company has a 50 day moving average price of $15.98 and a 200-day moving average price of $16.55. Liquidity Services has a 52 week low of $11.39 and a 52 week high of $23.39.
Insider Activity
In related news, Director Jaime Mateus-Tique sold 11,368 shares of the stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $12.87, for a total value of $146,306.16. Following the transaction, the director now owns 141,827 shares in the company, valued at approximately $1,825,313.49. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Jaime Mateus-Tique sold 11,368 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $12.87, for a total transaction of $146,306.16. Following the transaction, the director now owns 141,827 shares in the company, valued at approximately $1,825,313.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William P. Angrick III sold 5,786 shares of the firm’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $18.00, for a total value of $104,148.00. Following the completion of the transaction, the chief executive officer now owns 5,418,090 shares in the company, valued at approximately $97,525,620. The disclosure for this sale can be found here. Insiders have sold a total of 67,076 shares of company stock worth $1,149,050 over the last 90 days. 29.33% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Liquidity Services by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 248,744 shares of the business services provider’s stock valued at $4,044,000 after purchasing an additional 11,400 shares during the last quarter. Values First Advisors Inc. grew its stake in shares of Liquidity Services by 3.3% in the third quarter. Values First Advisors Inc. now owns 40,879 shares of the business services provider’s stock valued at $665,000 after buying an additional 1,309 shares in the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in Liquidity Services during the 3rd quarter valued at approximately $128,000. Alpha Paradigm Partners LLC lifted its holdings in Liquidity Services by 3.0% during the 3rd quarter. Alpha Paradigm Partners LLC now owns 30,046 shares of the business services provider’s stock worth $489,000 after buying an additional 863 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC lifted its holdings in shares of Liquidity Services by 53.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 11,232 shares of the business services provider’s stock worth $183,000 after purchasing an additional 3,899 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.
Liquidity Services Company Profile
Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company’s 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.