Vanguard Group Inc. increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 4.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,581,353 shares of the business services provider’s stock after buying an additional 65,153 shares during the quarter. Vanguard Group Inc. owned about 4.92% of Liquidity Services worth $10,042,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Aristotle Capital Boston LLC grew its position in shares of Liquidity Services by 2.7% in the third quarter. Aristotle Capital Boston LLC now owns 326,832 shares of the business services provider’s stock valued at $2,075,000 after purchasing an additional 8,452 shares during the period. Renaissance Technologies LLC boosted its holdings in Liquidity Services by 3.0% in the third quarter. Renaissance Technologies LLC now owns 2,248,835 shares of the business services provider’s stock valued at $14,280,000 after acquiring an additional 64,639 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Liquidity Services by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,507,396 shares of the business services provider’s stock worth $9,572,000 after purchasing an additional 72,451 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Liquidity Services by 7.0% during the third quarter. BlackRock Inc. now owns 3,861,127 shares of the business services provider’s stock worth $24,517,000 after purchasing an additional 253,142 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Liquidity Services during the third quarter worth about $1,470,000. Hedge funds and other institutional investors own 66.87% of the company’s stock.
NASDAQ:LQDT opened at $7.16 on Wednesday. Liquidity Services, Inc. has a one year low of $5.17 and a one year high of $9.16. The stock has a market capitalization of $228.15 million, a P/E ratio of -14.32 and a beta of 1.24.
Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported ($0.10) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. Liquidity Services had a negative return on equity of 11.08% and a negative net margin of 7.70%. The business had revenue of $54.05 million for the quarter, compared to analysts’ expectations of $51.34 million. Analysts forecast that Liquidity Services, Inc. will post -0.41 EPS for the current year.
LQDT has been the topic of a number of recent research reports. BidaskClub upgraded Liquidity Services from a “hold” rating to a “buy” rating in a research note on Friday, January 11th. Barrington Research restated a “buy” rating and set a $10.00 price objective on shares of Liquidity Services in a research note on Monday, December 3rd. TheStreet upgraded Liquidity Services from a “d” rating to a “c-” rating in a research note on Wednesday, December 12th. ValuEngine cut Liquidity Services from a “buy” rating to a “hold” rating in a research note on Friday, February 8th. Finally, Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 7th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $9.13.
In related news, insider James M. Rallo sold 4,090 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The stock was sold at an average price of $6.12, for a total value of $25,030.80. Following the completion of the sale, the insider now directly owns 4,090 shares of the company’s stock, valued at $25,030.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George H. Ellis sold 10,500 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $6.71, for a total value of $70,455.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,406 shares of company stock worth $170,578. Insiders own 18.70% of the company’s stock.
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Liquidity Services Company Profile
Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company’s marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.
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