7,000 Shares in Liquidity Services, Inc. (NASDAQ:LQDT) Bought by Wesbanco Bank Inc.

Wesbanco Bank Inc. purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,000 shares of the business services provider’s stock, valued at approximately $226,000.

Other hedge funds have also recently modified their holdings of the company. Royce & Associates LP acquired a new stake in shares of Liquidity Services during the third quarter worth $488,000. Barclays PLC lifted its holdings in Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after acquiring an additional 29,746 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services in the third quarter valued at $1,311,000. Intech Investment Management LLC acquired a new stake in Liquidity Services in the third quarter valued at $518,000. Finally, Franklin Resources Inc. lifted its holdings in Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 1,019 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Trading Up 2.0 %

Liquidity Services stock opened at $36.81 on Friday. The stock has a market cap of $1.13 billion, a PE ratio of 58.43 and a beta of 1.37. The stock has a 50-day moving average price of $30.48 and a 200 day moving average price of $24.99. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $36.92.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.32 EPS for the quarter. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%. During the same quarter in the previous year, the firm posted $0.26 earnings per share.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Craig Hallum raised their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th.

Insider Buying and Selling

In other Liquidity Services news, Director Jaime Mateus-Tique sold 50,000 shares of Liquidity Services stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $33.22, for a total value of $1,661,000.00. Following the completion of the sale, the director now owns 103,660 shares in the company, valued at $3,443,585.20. The trade was a 32.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the sale, the chief financial officer now owns 33,608 shares of the company’s stock, valued at $1,146,032.80. This trade represents a 32.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,668 shares of company stock worth $3,331,558. 29.77% of the stock is owned by corporate insiders.

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.