NorthCrest Asset Manangement LLC bought a new position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,903 shares of the business services provider's stock, valued at approximately $617,000. NorthCrest Asset Manangement LLC owned about 0.06% of Liquidity Services at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Liquidity Services in the 4th quarter worth approximately $38,000. Quarry LP bought a new position in shares of Liquidity Services in the fourth quarter worth $47,000. Aquatic Capital Management LLC increased its holdings in shares of Liquidity Services by 257.6% during the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after purchasing an additional 1,288 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Liquidity Services during the fourth quarter valued at about $132,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Liquidity Services during the fourth quarter valued at about $204,000. Institutional investors and hedge funds own 71.15% of the company's stock.
Liquidity Services Price Performance
Shares of LQDT traded down $0.11 during midday trading on Thursday, reaching $23.32. The stock had a trading volume of 173,420 shares, compared to its average volume of 241,049. The company has a market capitalization of $728.07 million, a P/E ratio of 29.52 and a beta of 1.16. The firm's 50 day moving average price is $27.03 and its 200-day moving average price is $30.40. Liquidity Services, Inc. has a 52 week low of $18.94 and a 52 week high of $39.72.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Liquidity Services had a net margin of 6.31% and a return on equity of 20.89%. The firm had revenue of $116.38 million for the quarter, compared to analysts' expectations of $125.20 million.
Insider Buying and Selling
In other news, Director Jaime Mateus-Tique sold 10,000 shares of the company's stock in a transaction 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 sale, the director now directly owns 184,562 shares of the company's stock, valued at $5,822,931.10. This represents a 5.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 105,100 shares of company stock worth $3,223,400 in the last ninety days. 28.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on LQDT shares. Barrington Research reiterated an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th. Wall Street Zen lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.
Read Our Latest Research Report on LQDT
Liquidity Services Profile
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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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