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William P. Angrick III, Chairman and CEO of Liquidity Services Inc. (NASDAQ:LQDT), has sold a significant portion of common stock, according to a recent SEC filing. The transactions, executed on February 18 and 19, involved the sale of 129,700 shares, totaling approximately $4.69 million. The stock was sold at prices ranging from $36.01 to $36.19 per share. The sales come as the company’s stock has delivered an impressive 109% return over the past year, with its market capitalization now reaching $1.1 billion.
Following these transactions, Angrick retains ownership of over 5 million shares through the William P. Angrick III 2005 Irrevocable Trust. The sales were made indirectly by this trust, which holds shares for Angrick’s benefit. According to InvestingPro data, the company maintains strong fundamentals with 32% revenue growth and a solid financial health score.
Liquidity Services, based in Bethesda, Maryland, specializes in business services, particularly in the online auction marketplace. The company facilitates the sale of surplus and salvage assets for corporations, public sector agencies, and other organizations.
Investors often scrutinize insider transactions like these for insights into executive sentiment about the company’s future prospects. However, Angrick’s sale of stock does not necessarily indicate a lack of confidence in the company’s performance, as executives may sell shares for various personal or financial reasons.
In other recent news, Liquidity Services Inc. reported strong financial results for the first quarter of fiscal year 2025. The company exceeded market expectations with an earnings per share (EPS) of $0.28, surpassing the forecast of $0.22. Revenue also saw a significant rise, reaching $122.3 million, well above the anticipated $45.19 million. Liquidity Services experienced a 72% year-over-year revenue increase and a 205% rise in GAAP net income compared to the previous year. Additionally, the company announced a strategic partnership with Biocom California, aiming to support life science companies by providing avenues to recoup capital through surplus equipment sales. This collaboration is expected to benefit over 1,800 members of Biocom California by offering exclusive savings. In terms of market activity, Liquidity Services continues to expand its presence in the circular economy. The company also released a transcript of its earnings call, providing stakeholders with detailed insights into its financial performance and corporate strategies.
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