Alps Advisors Inc. Invests $372,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Alps Advisors Inc. bought a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,010 shares of the business services provider's stock, valued at approximately $372,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LQDT. Ameriprise Financial Inc. raised its position in shares of Liquidity Services by 651.4% during the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock worth $25,790,000 after purchasing an additional 692,390 shares during the period. Millennium Management LLC raised its position in shares of Liquidity Services by 826.0% during the fourth quarter. Millennium Management LLC now owns 196,366 shares of the business services provider's stock worth $6,341,000 after purchasing an additional 175,161 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after purchasing an additional 167,767 shares during the period. GAMMA Investing LLC raised its position in Liquidity Services by 3,194.8% in the 1st quarter. GAMMA Investing LLC now owns 159,764 shares of the business services provider's stock valued at $5,152,000 after buying an additional 154,915 shares during the last quarter. Finally, Royce & Associates LP raised its position in Liquidity Services by 561.2% in the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock valued at $4,574,000 after buying an additional 120,226 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Insider Activity at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 10,000 shares of Liquidity Services stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $31.55, for a total transaction of $315,500.00. Following the completion of the transaction, the director directly owned 184,562 shares in the company, valued at approximately $5,822,931.10. The trade was a 5.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 30,000 shares of company stock worth $933,600. Insiders own 28.40% of the company's stock.

Liquidity Services Stock Performance

Liquidity Services stock traded down $0.36 during midday trading on Friday, reaching $24.80. The stock had a trading volume of 216,746 shares, compared to its average volume of 252,400. The firm's fifty day simple moving average is $24.08 and its 200-day simple moving average is $29.53. Liquidity Services, Inc. has a 1-year low of $19.87 and a 1-year high of $39.72. The stock has a market capitalization of $774.26 million, a P/E ratio of 31.39 and a beta of 1.14.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.31. Liquidity Services had a return on equity of 20.89% and a net margin of 6.31%. The business had revenue of $116.38 million for the quarter, compared to analyst estimates of $125.20 million.

Liquidity Services Company 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.