Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC reduced its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 10.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 763,281 shares of the business services provider's stock after selling 89,063 shares during the quarter. Aristotle Capital Boston LLC owned about 2.48% of Liquidity Services worth $24,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LQDT. Barclays PLC boosted its stake in shares of Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock valued at $899,000 after purchasing an additional 29,746 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Liquidity Services by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after purchasing an additional 30,360 shares during the last quarter. GAMMA Investing LLC lifted its stake in Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock valued at $157,000 after acquiring an additional 487 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of Liquidity Services during the 4th quarter valued at about $226,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Liquidity Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider's stock worth $1,146,000 after acquiring an additional 900 shares during the period. 71.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CFO Jorge Celaya sold 7,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $35.33, for a total value of $264,975.00. Following the completion of the sale, the chief financial officer now directly owns 27,275 shares in the company, valued at approximately $963,625.75. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaime Mateus-Tique sold 10,000 shares of the stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $31.56, for a total transaction of $315,600.00. Following the transaction, the director now directly owns 194,562 shares in the company, valued at approximately $6,140,376.72. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,758 shares of company stock valued at $5,286,708. Corporate insiders own 28.40% of the company's stock.

Liquidity Services Trading Up 0.7 %

Shares of NASDAQ:LQDT traded up $0.22 during midday trading on Tuesday, hitting $31.85. The stock had a trading volume of 194,514 shares, compared to its average volume of 208,688. The company has a market capitalization of $988.59 million, a PE ratio of 42.47 and a beta of 1.31. Liquidity Services, Inc. has a 1 year low of $17.33 and a 1 year high of $39.72. The stock has a 50 day moving average price of $30.87 and a two-hundred day moving average price of $30.27.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Analysts Set New Price Targets

A number of brokerages have commented on LQDT. Barrington Research reissued an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th. StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

Liquidity Services Profile

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.