Northern Trust Corp Raises Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Northern Trust Corp increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 263,554 shares of the business services provider's stock after acquiring an additional 48,818 shares during the quarter. Northern Trust Corp owned about 0.85% of Liquidity Services worth $8,510,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Liquidity Services during the 4th quarter worth approximately $38,000. Quarry LP acquired a new position in Liquidity Services in the 4th quarter worth about $47,000. Aquatic Capital Management LLC increased its stake 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 valued at $58,000 after buying an additional 1,288 shares during the period. R Squared Ltd acquired a new stake in Liquidity Services during the fourth quarter worth approximately $66,000. Finally, KLP Kapitalforvaltning AS bought a new position in Liquidity Services in the fourth quarter worth approximately $132,000. Institutional investors and hedge funds own 71.15% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on LQDT shares. Barrington Research reissued an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Wednesday, March 19th. Wall Street Zen downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

Liquidity Services Stock Down 5.0%

NASDAQ:LQDT traded down $1.26 during trading hours on Friday, hitting $23.76. 240,619 shares of the company's stock traded hands, compared to its average volume of 230,219. The firm has a market cap of $741.81 million, a P/E ratio of 31.68 and a beta of 1.31. Liquidity Services, Inc. has a 52 week low of $18.87 and a 52 week high of $39.72. The business's fifty day simple moving average is $29.54 and its two-hundred day simple moving average is $30.61.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings data 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. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%. The company had revenue of $116.38 million during the quarter, compared to analyst estimates of $125.20 million.

Insider Transactions at Liquidity Services

In other news, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the transaction, the insider now owns 36,181 shares in the company, valued at approximately $1,228,706.76. The trade was a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $31.93, for a total value of $1,117,550.00. Following the completion of the transaction, the director now owns 298,262 shares in the company, valued at approximately $9,523,505.66. This represents a 10.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 113,038 shares of company stock worth $3,492,975. Company insiders own 28.40% of the company's stock.

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.