1 week Ago By Defense World Staff
LPL Financial LLC bought a new position in shares of Liquidity Services, Inc. ( NASDAQ:LQDT – Free Report ) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 11,419 shares of the business services provider’s stock, valued at approximately $369,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Liquidity Services by 0.5% during the 3rd quarter.
Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after acquiring an additional 2,392 shares during the period. Sei Investments Co. increased its holdings in Liquidity Services by 8.
2% during the 4th quarter. Sei Investments Co. now owns 243,453 shares of the business services provider’s stock worth $7,861,000 after acquiring an additional 18,450 shares during the period.
Charles Schwab Investment Management Inc. grew its position in Liquidity Services by 1.5% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider’s stock worth $6,631,000 after buying an additional 3,077 shares in the last quarter. Hillsdale Investment Management Inc.
lifted its position in Liquidity Services by 0.7% during the fourth quarter. Hillsdale Investment Management Inc.
now owns 192,908 shares of the business services provider’s stock valued at $6,229,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Royce & Associates LP raised its position in Liquidity Services by 561.2% during the fourth quarter.
Royce & Associates LP now owns 141,649 shares of the business services provider’s stock valued at $4,574,000 after purchasing an additional 120,226 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of brokerages have recently issued reports on LQDT. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Wednesday, March 19th.
StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Insider Buying and Selling at Liquidity Services In related news, CFO Jorge Celaya sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th.
The stock was sold at an average price of $35.33, for a total value of $264,975.00.
Following the transaction, the chief financial officer now directly owns 27,275 shares of the company’s stock, valued at approximately $963,625.75. This represents a 21.
57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . Also, Director Jaime Mateus-Tique sold 10,000 shares of Liquidity Services stock in a transaction dated Monday, April 21st.
The stock was sold at an average price of $30.25, for a total value of $302,500.00.
Following the completion of the sale, the director now owns 204,562 shares of the company’s stock, valued at $6,188,000.50. The trade was a 4.
66 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 153,758 shares of company stock worth $4,971,108.
28.40% of the stock is owned by insiders. Liquidity Services Stock Performance NASDAQ LQDT opened at $31.
72 on Friday. The stock has a 50 day simple moving average of $31.19 and a two-hundred day simple moving average of $29.
83. The stock has a market cap of $984.56 million, a P/E ratio of 42.
29 and a beta of 1.39. Liquidity Services, Inc.
has a fifty-two week low of $17.07 and a fifty-two week high of $39.72.
Liquidity Services ( NASDAQ:LQDT – Get Free Report ) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.
22 by $0.06. Liquidity Services had a return on equity of 20.
94% and a net margin of 6.37%. Liquidity Services Profile ( Free Report ) 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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