Legal & General Group Plc Purchases Shares of 54,717 Liquidity Services, Inc. $LQDT

Key Points

• Legal & General Group Plc acquired 54,717 shares of Liquidity Services worth approximately $2.14 million, joining other institutional investors that have recently increased positions. Institutional investors collectively own 71.15% of the company.
• Analyst sentiment is positive: Liquidity Services has a consensus “Buy” rating and an average price target of $50, while several analysts recently upgraded their views.
• Liquidity Services reported quarterly EPS of $0.45, beating estimates of $0.34, and revenue of $129.58 million. The stock opened at $42.10, near its 52-week high of $44.09, although insiders sold about $3.7 million of shares over the past three months.

Legal & General Group Plc purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 54,717 shares of the business services provider's stock, valued at approximately $2,141,000. Legal & General Group Plc owned about 0.17% of Liquidity Services as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new position in shares of Liquidity Services during the 2nd quarter valued at about $250,000. Algert Global LLC boosted its stake in Liquidity Services by 49.8% in the second quarter. Algert Global LLC now owns 59,157 shares of the business services provider's stock worth $2,314,000 after buying an additional 19,660 shares in the last quarter. Ranger Investment Management L.P. purchased a new stake in Liquidity Services in the second quarter worth approximately $3,258,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Liquidity Services during the second quarter valued at approximately $5,127,000. Finally, Globeflex Capital L P bought a new position in Liquidity Services during the second quarter valued at approximately $1,056,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jaime Mateus-Tique sold 38,471 shares of the business's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $37.99, for a total transaction of $1,461,513.29. Following the transaction, the director owned 164,380 shares in the company, valued at $6,244,796.20. The trade was a 18.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Daunt sold 715 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $41.27, for a total value of $29,508.05. Following the transaction, the executive vice president directly owned 38,086 shares of the company's stock, valued at $1,571,809.22. The trade was a 1.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 97,070 shares of company stock worth $3,702,139 over the last three months. 28.06% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LQDT shares. Zacks Research upgraded shares of Liquidity Services from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 27th. Wall Street Zen raised shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 16th. Barrington Research set a $50.00 target price on shares of Liquidity Services in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Liquidity Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $50.00.

Liquidity Services Stock Performance

NASDAQ:LQDT opened at $42.10 on Friday. Liquidity Services, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $44.09. The firm has a market cap of $1.32 billion, a PE ratio of 41.27 and a beta of 1.07. The business has a 50 day moving average price of $40.20 and a 200-day moving average price of $35.93.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.11. Liquidity Services had a net margin of 6.79% and a return on equity of 17.60%. The business had revenue of $129.58 million during the quarter, compared to analysts' expectations of $57.83 million. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. Research analysts predict that Liquidity Services, Inc. will post 1.16 EPS for the current year.

Liquidity Services Company Profile

Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.

The company's core services include asset valuation, marketing, inspection and logistics coordination.

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