Meritage Portfolio Management acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 12,749 shares of the business services provider's stock, valued at approximately $395,000.
Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in shares of Liquidity Services by 10.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 132,134 shares of the business services provider's stock valued at $4,097,000 after buying an additional 12,702 shares during the period. Diversified Trust Co bought a new position in Liquidity Services during the 1st quarter worth about $205,000. NorthCrest Asset Manangement LLC purchased a new position in Liquidity Services during the 1st quarter valued at about $617,000. Assenagon Asset Management S.A. raised its holdings in shares of Liquidity Services by 13.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 222,137 shares of the business services provider's stock valued at $6,888,000 after purchasing an additional 26,693 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Liquidity Services by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 10,422 shares of the business services provider's stock valued at $323,000 after purchasing an additional 624 shares in the last quarter. 71.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Liquidity Services
In related news, Director Jaime Mateus-Tique sold 10,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $31.55, for a total transaction of $315,500.00. Following the transaction, the director directly owned 184,562 shares of the company's stock, valued at $5,822,931.10. This represents a 5.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 70,100 shares of company stock valued at $2,105,850. 28.40% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Separately, Barrington Research reaffirmed an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th.
Check Out Our Latest Analysis on Liquidity Services
Liquidity Services Stock Performance
Shares of Liquidity Services stock opened at $24.25 on Friday. The company has a market capitalization of $756.93 million, a PE ratio of 30.69 and a beta of 1.14. The company has a 50-day simple moving average of $25.35 and a two-hundred day simple moving average of $30.03. Liquidity Services, Inc. has a one year low of $19.31 and a one year high of $39.72.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The firm had revenue of $116.38 million during the quarter, compared to analyst estimates of $125.20 million. Liquidity Services had a net margin of 6.31% and a return on equity of 20.89%.
About Liquidity Services
(
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.
Further Reading
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