Truist Financial Corp purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,448,892 shares of the business services provider's stock, valued at approximately $34,179,000. Truist Financial Corp owned about 4.64% of Liquidity Services at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Liquidity Services by 6.2% during the first quarter. Vanguard Group Inc. now owns 1,830,024 shares of the business services provider's stock valued at $56,749,000 after acquiring an additional 107,312 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Liquidity Services by 39.6% in the 1st quarter. Acadian Asset Management LLC now owns 908,562 shares of the business services provider's stock valued at $28,157,000 after purchasing an additional 257,948 shares during the last quarter. Royce & Associates LP increased its holdings in Liquidity Services by 281.9% in the 1st quarter. Royce & Associates LP now owns 540,928 shares of the business services provider's stock valued at $16,774,000 after purchasing an additional 399,279 shares during the last quarter. Invesco Ltd. grew its stake in shares of Liquidity Services by 243.1% in the first quarter. Invesco Ltd. now owns 405,489 shares of the business services provider's stock valued at $12,574,000 after buying an additional 287,301 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Liquidity Services by 27.3% in the first quarter. Wellington Management Group LLP now owns 318,175 shares of the business services provider's stock valued at $9,867,000 after buying an additional 68,322 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, Director Jaime Mateus-Tique sold 5,403 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $27.45, for a total value of $148,312.35. Following the completion of the transaction, the director directly owned 164,562 shares of the company's stock, valued at $4,517,226.90. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George H. Ellis sold 7,500 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $25.35, for a total transaction of $190,125.00. Following the completion of the transaction, the director owned 15,708 shares of the company's stock, valued at approximately $398,197.80. The trade was a 32.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,500 shares of company stock valued at $464,579. Insiders own 28.40% of the company's stock.
Liquidity Services Stock Down 1.3%
NASDAQ LQDT opened at $27.08 on Friday. Liquidity Services, Inc. has a 52 week low of $21.23 and a 52 week high of $39.72. The stock has a market capitalization of $845.98 million, a PE ratio of 32.63 and a beta of 1.09. The firm has a 50 day moving average of $26.20 and a two-hundred day moving average of $26.72.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its earnings results on Thursday, August 7th. The business services provider reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $119.88 million during the quarter, compared to the consensus estimate of $120.41 million. Liquidity Services had a net margin of 6.25% and a return on equity of 20.75%. Liquidity Services has set its Q4 2025 guidance at 0.240-0.340 EPS.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on LQDT. Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $38.50.
Get Our Latest Report on Liquidity Services
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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