Liquidity Services, Inc. (NASDAQ:LQDT) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 13.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 222,137 shares of the business services provider's stock after buying an additional 26,693 shares during the quarter. Assenagon Asset Management S.A. owned 0.72% of Liquidity Services worth $6,888,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LQDT. Ameriprise Financial Inc. increased its holdings in Liquidity Services by 651.4% during the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock valued at $25,790,000 after acquiring an additional 692,390 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock valued at $14,768,000 after buying an additional 167,767 shares in the last quarter. Northern Trust Corp grew its holdings in Liquidity Services by 22.7% during the 4th quarter. Northern Trust Corp now owns 263,554 shares of the business services provider's stock valued at $8,510,000 after buying an additional 48,818 shares during the last quarter. Sei Investments Co. increased its position in Liquidity Services by 8.2% during the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider's stock worth $7,861,000 after buying an additional 18,450 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Liquidity Services by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider's stock worth $6,631,000 after acquiring an additional 3,077 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company's stock.

Insider Activity

In other news, Director Jaime Mateus-Tique sold 29,169 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $29.06, for a total value of $847,651.14. Following the transaction, the director now directly owns 230,393 shares in the company, valued at approximately $6,695,220.58. This trade represents a 11.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 105,100 shares of company stock worth $3,223,400. 28.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Barrington Research restated an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th.

Liquidity Services Trading Up 1.3%

LQDT stock traded up $0.31 during trading on Monday, reaching $23.71. The stock had a trading volume of 13,535 shares, compared to its average volume of 239,416. The company has a market capitalization of $740.25 million, a P/E ratio of 31.61 and a beta of 1.16. Liquidity Services, Inc. has a 1-year low of $18.90 and a 1-year high of $39.72. The firm has a fifty day moving average price of $27.42 and a 200 day moving average price of $30.51.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $116.38 million for the quarter, compared to analysts' expectations of $125.20 million. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

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.