Assenagon Asset Management S.A. Grows Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Assenagon Asset Management S.A. lifted its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 13.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 222,137 shares of the business services provider's stock after acquiring an additional 26,693 shares during the period. Assenagon Asset Management S.A. owned approximately 0.72% of Liquidity Services worth $6,888,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in 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 last quarter. Arrowstreet Capital Limited Partnership lifted its position 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 worth $14,768,000 after buying an additional 167,767 shares during the last quarter. Northern Trust Corp boosted its stake in Liquidity Services by 22.7% in the fourth quarter. Northern Trust Corp now owns 263,554 shares of the business services provider's stock worth $8,510,000 after buying an additional 48,818 shares in the last quarter. Sei Investments Co. grew 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 valued at $7,861,000 after acquiring an additional 18,450 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Liquidity Services by 1.5% during 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 in the last quarter. Institutional investors own 71.15% of the company's stock.

Insiders Place Their Bets

In other Liquidity Services news, Director Jaime Mateus-Tique sold 10,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $31.55, for a total transaction of $315,500.00. Following the transaction, the director now owns 184,562 shares in the company, valued at approximately $5,822,931.10. This represents a 5.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 105,100 shares of company stock valued at $3,223,400. Corporate insiders own 28.40% of the company's stock.

Liquidity Services Price Performance

NASDAQ:LQDT traded down $0.01 during mid-day trading on Wednesday, hitting $23.43. 67,497 shares of the company's stock were exchanged, compared to its average volume of 334,222. The company has a market cap of $731.33 million, a PE ratio of 29.65 and a beta of 1.16. Liquidity Services, Inc. has a one year low of $18.94 and a one year high of $39.72. The business has a fifty day moving average price of $27.18 and a 200 day moving average price of $30.45.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LQDT shares. Wall Street Zen lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th.

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.