Charles Schwab Investment Management Inc. Has $6.87 Million Position in Liquidity Services, Inc. $LQDT

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Liquidity Services, Inc. by 7.8%, now owning 221,441 shares valued at approximately $6.87 million.
• Several institutional investors, including Ameriprise Financial Inc. and Millennium Management LLC, have also significantly increased their holdings in Liquidity Services, with Ameriprise raising its position by 651.4% last quarter.
• Liquidity Services reported an earnings per share (EPS) of $0.34 for the quarter ending August 7, 2023, exceeding estimates, while setting Q4 2025 guidance between 0.240-0.340 EPS.

Charles Schwab Investment Management Inc. raised its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 221,441 shares of the business services provider's stock after buying an additional 16,088 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.71% of Liquidity Services worth $6,867,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Liquidity Services by 11.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the business services provider's stock worth $143,000 after acquiring an additional 476 shares during the last quarter. Rhumbline Advisers grew its position in shares of Liquidity Services by 0.8% during the first quarter. Rhumbline Advisers now owns 63,884 shares of the business services provider's stock worth $1,981,000 after acquiring an additional 486 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Liquidity Services by 8.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 7,344 shares of the business services provider's stock worth $228,000 after acquiring an additional 544 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Liquidity Services by 6.4% during the first quarter. SG Americas Securities LLC now owns 10,422 shares of the business services provider's stock worth $323,000 after acquiring an additional 624 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Liquidity Services by 1.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 37,332 shares of the business services provider's stock worth $1,205,000 after acquiring an additional 685 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Liquidity Services Trading Up 1.1%

LQDT stock traded up $0.29 during mid-day trading on Monday, reaching $26.59. 197,679 shares of the stock traded hands, compared to its average volume of 304,374. Liquidity Services, Inc. has a 52-week low of $21.00 and a 52-week high of $39.72. The company has a market cap of $830.59 million, a P/E ratio of 32.04 and a beta of 1.07. The stock's fifty day moving average is $24.76 and its 200-day moving average is $27.54.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. Liquidity Services had a net margin of 6.25% and a return on equity of 20.75%. The company had revenue of $119.88 million during the quarter, compared to analyst estimates of $120.41 million. Liquidity Services has set its Q4 2025 guidance at 0.240-0.340 EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on LQDT. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a report on Thursday, August 21st. Wall Street Zen downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $38.50.

Insider Buying and Selling at Liquidity Services

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

Liquidity Services 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.