In a Friday research report, the rating was upgraded from 'buy to'strong buy'.
Liquidity Services Price Performance
Trading at midday on Friday was down by $0.28, bringing the price to $15.53. The trading volume was 289,337 compared to the average of 169.225. The company has a moving average of $14.84 for the last 50 days and $14.02 for the past 200 days. The market capitalization is $476.46 millions, with a P/E of 15.53. Its beta is 1.54. The last time a company released its quarterly earnings was on Thursday, 4th May. The provider of business services reported earnings per share (EPS), which was $0.20, for the third quarter. The company generated revenue of $81.45 millions during the quarter. Liquidity Services' net margin was 11.03%, and its return on equity was 17.34%.
On Monday, 8th May, the company sold 4,719 of its shares. The stock was bought at an average price $14.14 for a value of $66,726.66. After the sale was completed, the chief executive officer owns approximately 628,028.10 worth of shares. Other news: Director George H. Ellis has sold 8,500 Liquidity Services shares in a Friday, 12th May transaction. The stock was bought at a price of $15.54 on average, for a value of $132.090.00. The director now has 18,775 shares worth $291,763.50. In a transaction that took place on Monday, 8th May, 4,719 stock shares were sold. The shares were bought at an average price $14.14 for a total of $66,726.66. The chief financial officer owns now 44,415 of the company's shares, worth $628,028.10. Insiders sold 54,272 company shares worth $832 215. Insiders own 30.41%.
Institutional Trading of Liquidity Services
Recent sales and purchases of shares by hedge funds and institutional investors. JPMorgan Chase & Co. grew its stake in Liquidity Services shares by 15.7% during the first quarter. JPMorgan Chase & Co. owns 34 697 shares of Liquidity Services' stock, worth $457,000. This is after purchasing 4,717 additional shares. Susquehanna International Group LLP acquired a new stake in shares of Liquidity Services during the first quarter, valued at approximately $463,000. Jane Street Group LLC acquired a new Liquidity Services position during the first quarter, valued at approximately $223,000. Silvercrest Asset Management Group LLC increased its Liquidity Services holdings by 22.7% during the first quarter. Silvercrest Asset Management Group LLC owns 839.978 shares in the business services provider, worth $11,063,000, after purchasing an additional 155.121 shares. Geode Capital Management LLC increased its holdings in Liquidity Services shares by 2.5% during the first quarter. Geode Capital Management LLC owns 501 724 shares in the business services provider, worth $6 608,000, after purchasing an additional 12 354 shares over the past quarter. Institutional investors hold 69.62% the company's shares.
Liquidity Services Company profile
Liquidity Services, Inc. provides self-directed auction listing software, value-added service, and e-commerce platforms in the United States as well as internationally. It is divided into four segments: Capital Assets Group, Retail Supply Chain Group and Machinio. Liquidation.com, a marketplace for corporations, allows them to sell excess and salvage consumer goods, as well as retail capital assets. GovDeals, the company's self-directed marketplace, allows sellers to list their assets, allowing local and state governments, commercial businesses, and other entities in the United States, Canada, to sell surplus assets.
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