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

Allspring Global Investments Holdings LLC increased its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,134 shares of the business services provider's stock after acquiring an additional 12,702 shares during the period. Allspring Global Investments Holdings LLC owned about 0.43% of Liquidity Services worth $4,097,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LQDT. Ameriprise Financial Inc. lifted its stake in Liquidity Services by 651.4% during the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock worth $25,790,000 after purchasing an additional 692,390 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after buying an additional 167,767 shares during the last quarter. Northern Trust Corp boosted its stake in Liquidity Services by 22.7% in the fourth quarter. Northern Trust Corp now owns 263,554 shares of the business services provider's stock worth $8,510,000 after buying an additional 48,818 shares in the last quarter. Sei Investments Co. grew its position in Liquidity Services by 8.2% during the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider's stock valued at $7,861,000 after acquiring an additional 18,450 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Liquidity Services by 13.7% during 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 acquiring an additional 26,693 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Insiders Place Their Bets

In other news, Director Jaime Mateus-Tique sold 10,000 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $31.55, for a total value of $315,500.00. Following the completion of the sale, the director directly owned 184,562 shares of the company's stock, valued at approximately $5,822,931.10. This trade represents a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 40,931 shares of company stock valued at $1,258,199 in the last quarter. Insiders own 28.40% of the company's stock.

Wall Street Analyst Weigh In

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

Liquidity Services Price Performance

Liquidity Services stock traded down $0.07 during trading hours on Monday, reaching $24.15. The company had a trading volume of 288,501 shares, compared to its average volume of 248,209. Liquidity Services, Inc. has a 12-month low of $19.31 and a 12-month high of $39.72. The company has a 50-day moving average price of $25.35 and a 200 day moving average price of $30.02. The firm has a market cap of $753.99 million, a price-to-earnings ratio of 30.57 and a beta of 1.14.

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

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.