Connor Clark & Lunn Investment Management Ltd. Has $4.03 Million Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 52.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,881 shares of the business services provider's stock after purchasing an additional 44,921 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.42% of Liquidity Services worth $4,028,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LQDT. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Liquidity Services by 11.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the business services provider's stock valued at $143,000 after acquiring an additional 476 shares during the period. Rhumbline Advisers increased its position in Liquidity Services by 0.8% in the 1st quarter. Rhumbline Advisers now owns 63,884 shares of the business services provider's stock valued at $1,981,000 after acquiring an additional 486 shares during the period. Linden Thomas Advisory Services LLC increased its position in Liquidity Services by 8.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,344 shares of the business services provider's stock valued at $228,000 after acquiring an additional 544 shares during the period. SG Americas Securities LLC increased its position in Liquidity Services by 6.4% in the 1st quarter. SG Americas Securities LLC now owns 10,422 shares of the business services provider's stock valued at $323,000 after acquiring an additional 624 shares during the period. Finally, Franklin Resources Inc. increased its position in Liquidity Services by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider's stock valued at $507,000 after acquiring an additional 683 shares during the period. Hedge funds and other institutional investors own 71.15% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th.

Liquidity Services Stock Performance

Shares of LQDT stock traded down $0.82 during mid-day trading on Friday, hitting $25.40. 467,876 shares of the stock traded hands, compared to its average volume of 336,098. Liquidity Services, Inc. has a twelve month low of $21.00 and a twelve month high of $39.72. The firm has a market cap of $793.42 million, a price-to-earnings ratio of 30.60 and a beta of 1.21. The company's 50-day simple moving average is $24.28 and its 200-day simple moving average is $28.12.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. Liquidity Services had a return on equity of 20.75% and a net margin of 6.25%. The company had revenue of $119.88 million for the quarter, compared to analysts' expectations of $120.41 million.

Insider Activity

In other news, Director George H. Ellis sold 7,500 shares of Liquidity Services stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $25.35, for a total transaction of $190,125.00. Following the transaction, the director directly owned 15,708 shares in the company, valued at approximately $398,197.80. This trade represents a 32.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 28.40% of the company's stock.

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.