Liquidity Services, Inc. (NASDAQ:LQDT) Shares Purchased by Millennium Management LLC

Millennium Management LLC increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 826.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 196,366 shares of the business services provider's stock after purchasing an additional 175,161 shares during the quarter. Millennium Management LLC owned approximately 0.64% of Liquidity Services worth $6,341,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in LQDT. Harvest Fund Management Co. Ltd purchased a new stake in shares of Liquidity Services during the fourth quarter worth $38,000. Quarry LP acquired a new position in Liquidity Services during the fourth quarter worth about $47,000. Aquatic Capital Management LLC grew its stake in Liquidity Services by 257.6% during the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after acquiring an additional 1,288 shares in the last quarter. R Squared Ltd purchased a new stake in Liquidity Services during the 4th quarter valued at about $66,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Liquidity Services in the 4th quarter valued at about $132,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LQDT. Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Barrington Research reiterated an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th.

Liquidity Services Trading Up 0.9%

LQDT stock traded up $0.22 during trading on Friday, reaching $23.42. 371,495 shares of the stock were exchanged, compared to its average volume of 232,050. The firm has a market capitalization of $731.20 million, a price-to-earnings ratio of 31.23 and a beta of 1.31. The business has a 50 day moving average price of $28.90 and a 200-day moving average price of $30.53. Liquidity Services, Inc. has a 1 year low of $18.87 and a 1 year high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.31 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 6.37% and a return on equity of 20.94%.

Insider Transactions at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 10,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $31.55, for a total value of $315,500.00. Following the transaction, the director now directly owns 184,562 shares in the company, valued at approximately $5,822,931.10. This represents a 5.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 105,100 shares of company stock worth $3,223,400. 28.40% of the stock is currently owned by company insiders.

Liquidity Services Company 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.