Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells 7,500 Shares of Stock

Key Points

• Director George H. Ellis of Liquidity Services, Inc. sold 7,500 shares at an average price of $25.35, resulting in a total transaction amount of $190,125, which represents a 32.32% decrease in his position.
• Liquidity Services reported a Q2 EPS of $0.34, exceeding analysts' expectations, while revenue was slightly below consensus estimates at $119.88 million.
• Wall Street analysts downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating on August 9th, which may influence investor sentiment moving forward.

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) Director George H. Ellis sold 7,500 shares of the business's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $25.35, for a total transaction of $190,125.00. Following the completion of the sale, the director directly owned 15,708 shares of the company's stock, valued at approximately $398,197.80. The trade was a 32.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Liquidity Services Price Performance

LQDT stock traded up $0.07 during midday trading on Thursday, reaching $26.22. The company had a trading volume of 279,922 shares, compared to its average volume of 328,645. The company has a market capitalization of $819.03 million, a price-to-earnings ratio of 31.59 and a beta of 1.21. Liquidity Services, Inc. has a 1-year low of $21.00 and a 1-year high of $39.72. The stock has a 50 day moving average price of $24.23 and a 200-day moving average price of $28.34.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its earnings results on Thursday, August 7th. The business services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $119.88 million during the quarter, compared to the consensus estimate of $120.41 million. Liquidity Services had a return on equity of 20.75% and a net margin of 6.25%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th.

Institutional Trading of Liquidity Services

Several institutional investors have recently added to or reduced their stakes in LQDT. CWM LLC boosted its holdings in Liquidity Services by 166.8% in the first quarter. CWM LLC now owns 1,318 shares of the business services provider's stock valued at $41,000 after acquiring an additional 824 shares during the last quarter. Quarry LP bought a new stake in Liquidity Services in the fourth quarter valued at approximately $47,000. Aquatic Capital Management LLC boosted its holdings in shares of Liquidity Services by 257.6% during the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock worth $58,000 after buying an additional 1,288 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Liquidity Services by 11.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the business services provider's stock worth $143,000 after buying an additional 476 shares in the last quarter. Finally, Diversified Trust Co bought a new position in shares of Liquidity Services during the 1st quarter worth approximately $205,000. 71.15% of the stock is currently owned by institutional investors.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its 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.

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