Allspring Global Investments Holdings LLC Buys 12,702 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Allspring Global Investments Holdings LLC lifted its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 10.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,134 shares of the business services provider's stock after purchasing an additional 12,702 shares during the period. Allspring Global Investments Holdings LLC owned about 0.43% of Liquidity Services worth $4,097,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new position in shares of Liquidity Services in the fourth quarter worth approximately $38,000. Quarry LP purchased a new position in shares of Liquidity Services in the fourth quarter worth approximately $47,000. Aquatic Capital Management LLC increased its position 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 worth $58,000 after acquiring an additional 1,288 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Liquidity Services in the fourth quarter worth approximately $132,000. Finally, Diversified Trust Co purchased a new position in shares of Liquidity Services in the first quarter worth approximately $205,000. Institutional investors and hedge funds own 71.15% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a report on Wednesday, March 19th.

Liquidity Services Trading Up 0.1%

NASDAQ:LQDT traded up $0.03 during trading hours on Tuesday, hitting $24.18. 9,386 shares of the company traded hands, compared to its average volume of 247,266. The stock has a market capitalization of $754.90 million, a price-to-earnings ratio of 30.59 and a beta of 1.14. Liquidity Services, Inc. has a twelve month low of $19.31 and a twelve month high of $39.72. The firm has a 50-day moving average of $25.20 and a 200 day moving average of $29.97.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $116.38 million for the quarter, compared to analyst estimates of $125.20 million. Liquidity Services had a net margin of 6.31% and a return on equity of 20.89%.

Insider Buying and Selling

In other Liquidity Services news, Director Jaime Mateus-Tique sold 10,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $31.55, for a total transaction of $315,500.00. Following the sale, the director owned 184,562 shares of the company's stock, valued at $5,822,931.10. This represents a 5.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 40,931 shares of company stock worth $1,258,199. 28.40% of the stock is owned by corporate insiders.

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.