Bank of America Corp DE Trims Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Bank of America Corp DE decreased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,766 shares of the business services provider's stock after selling 14,593 shares during the quarter. Bank of America Corp DE owned about 0.11% of Liquidity Services worth $1,123,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LQDT. Harvest Fund Management Co. Ltd acquired a new stake in Liquidity Services in the 4th quarter valued at $38,000. Quarry LP acquired a new position in shares of Liquidity Services during the fourth quarter valued at about $47,000. Aquatic Capital Management LLC increased its position 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 worth $58,000 after acquiring an additional 1,288 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Liquidity Services in the 4th quarter worth about $132,000. Finally, Yousif Capital Management LLC bought a new position in Liquidity Services in the 4th quarter valued at about $204,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Liquidity Services news, Director Jaime Mateus-Tique sold 35,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $31.93, for a total value of $1,117,550.00. Following the transaction, the director now directly owns 298,262 shares in the company, valued at $9,523,505.66. The trade was a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 105,100 shares of company stock worth $3,223,400. Insiders own 28.40% of the company's stock.

Liquidity Services Price Performance

Shares of LQDT stock traded down $0.10 on Tuesday, hitting $24.68. The stock had a trading volume of 187,647 shares, compared to its average volume of 238,181. The business has a 50 day moving average of $27.71 and a 200 day moving average of $30.51. Liquidity Services, Inc. has a 12-month low of $18.87 and a 12-month high of $39.72. The stock has a market cap of $770.53 million, a price-to-earnings ratio of 32.91 and a beta of 1.16.

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, meeting 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 6.37% and a return on equity of 20.94%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LQDT. Barrington Research reissued an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a report on Wednesday, March 19th. Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

About Liquidity Services

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.