Liquidity Services (NASDAQ:LQDT) Upgraded to Strong-Buy at StockNews.com

Liquidity Services (NASDAQ:LQDT - Get Rating) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Monday.

Several other equities analysts have also recently commented on LQDT. Barrington Research cut their target price on shares of Liquidity Services from $26.00 to $20.00 in a research note on Friday, December 9th. TheStreet upgraded shares of Liquidity Services from a "c+" rating to a "b-" rating in a research note on Thursday, October 20th.

Liquidity Services Trading Up 0.2 %

NASDAQ:LQDT traded up $0.02 during trading hours on Monday, hitting $13.25. 280,350 shares of the company traded hands, compared to its average volume of 202,065. The stock has a market capitalization of $474.32 million, a price-to-earnings ratio of 11.04 and a beta of 1.33. Liquidity Services has a twelve month low of $11.39 and a twelve month high of $23.39. The firm has a 50-day moving average of $16.27 and a 200 day moving average of $16.55.

Insider Activity

In other news, CEO William P. Angrick III sold 5,786 shares of the 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 sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO William P. Angrick III sold 5,786 shares of the company's stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $18.00, for a total value of $104,148.00. Following the sale, the chief executive officer now owns 5,418,090 shares of the company's stock, valued at approximately $97,525,620. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO William P. Angrick III sold 15,347 shares of the company's stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $18.00, for a total transaction of $276,246.00. Following the completion of the sale, the chief executive officer now directly owns 5,402,743 shares in the company, valued at approximately $97,249,374. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,076 shares of company stock worth $1,149,050. 29.33% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liquidity Services

Several large investors have recently made changes to their positions in LQDT. Mutual of America Capital Management LLC grew its holdings in Liquidity Services by 16.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 4,481 shares of the business services provider's stock worth $60,000 after acquiring an additional 637 shares during the last quarter. New York State Teachers Retirement System grew its holdings in Liquidity Services by 1.5% during the 3rd quarter. New York State Teachers Retirement System now owns 54,074 shares of the business services provider's stock worth $879,000 after acquiring an additional 777 shares during the last quarter. Alpha Paradigm Partners LLC grew 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 acquiring an additional 863 shares during the last quarter. Captrust Financial Advisors grew its holdings in Liquidity Services by 87.0% during the 1st quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider's stock worth $35,000 after acquiring an additional 954 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Liquidity Services by 1.2% in the 1st quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider's stock valued at $1,351,000 after purchasing an additional 959 shares during the last quarter. Institutional investors own 66.03% of the company's stock.

About Liquidity Services

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.

Further Reading

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