Allspring Global Investments Holdings LLC Has $4.10 Million Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Allspring Global Investments Holdings LLC boosted its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 10.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 132,134 shares of the business services provider's stock after acquiring an additional 12,702 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.43% of Liquidity Services worth $4,097,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Diversified Trust Co purchased a new position in Liquidity Services in the 1st quarter valued at approximately $205,000. NorthCrest Asset Manangement LLC acquired a new position in Liquidity Services in the first quarter valued at $617,000. Assenagon Asset Management S.A. raised its position in Liquidity Services by 13.7% in the first quarter. Assenagon Asset Management S.A. now owns 222,137 shares of the business services provider's stock valued at $6,888,000 after purchasing an additional 26,693 shares during the period. SG Americas Securities LLC raised its position in Liquidity Services by 6.4% in the first quarter. SG Americas Securities LLC now owns 10,422 shares of the business services provider's stock valued at $323,000 after purchasing an additional 624 shares during the period. Finally, Rhumbline Advisers raised its position in Liquidity Services by 0.8% in the first quarter. Rhumbline Advisers now owns 63,884 shares of the business services provider's stock valued at $1,981,000 after purchasing an additional 486 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 10,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $31.55, for a total value of $315,500.00. Following the completion of the sale, the director owned 184,562 shares of the company's stock, valued at $5,822,931.10. This trade represents a 5.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 40,000 shares of company stock valued at $1,230,800 over the last ninety days. Company insiders own 28.40% of the company's stock.

Liquidity Services Trading Down 0.8%

NASDAQ LQDT traded down $0.19 on Thursday, hitting $24.40. 185,453 shares of the stock traded hands, compared to its average volume of 249,281. The company has a market capitalization of $761.79 million, a P/E ratio of 30.89 and a beta of 1.14. The stock has a 50-day moving average of $24.91 and a 200 day moving average of $29.90. Liquidity Services, Inc. has a twelve month low of $19.31 and a twelve month high of $39.72.

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

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th.

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.