Liquidity Services, Inc. (NASDAQ:LQDT) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 3,194.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,764 shares of the business services provider's stock after acquiring an additional 154,915 shares during the quarter. GAMMA Investing LLC owned about 0.51% of Liquidity Services worth $5,152,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services in the fourth quarter valued at approximately $38,000. Quarry LP acquired a new stake in shares of Liquidity Services in the fourth quarter valued at approximately $47,000. Aquatic Capital Management LLC boosted its holdings in shares of Liquidity Services by 257.6% in the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after acquiring an additional 1,288 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Liquidity Services during the fourth quarter worth approximately $132,000. Finally, Yousif Capital Management LLC purchased a new stake in shares of Liquidity Services during the fourth quarter worth approximately $204,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research firms have recently commented on LQDT. Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Barrington Research restated an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th.

Liquidity Services Stock Performance

NASDAQ:LQDT traded down $0.79 during trading hours on Friday, hitting $23.40. The company's stock had a trading volume of 159,056 shares, compared to its average volume of 240,301. The business's 50-day moving average is $27.42 and its two-hundred day moving average is $30.44. The company has a market capitalization of $730.57 million, a PE ratio of 31.20 and a beta of 1.16. Liquidity Services, Inc. has a 52-week low of $18.90 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $125.20 million. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

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.