Nkcfo LLC Lowers Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Key Points

• Nkcfo LLC reduced its stake in Liquidity Services, Inc. by 49.1%, selling 13,000 shares and retaining ownership of 13,500 shares valued at $419,000.
• A number of institutional investors, including CWM LLC and Quarry LP, have made significant changes to their positions in Liquidity Services, resulting in 71.15% of the stock currently owned by institutional investors.
• The company's most recent earnings report indicated an EPS matching consensus estimates at $0.31, but revenue fell short at $116.38 million compared to the expected $125.20 million.

Nkcfo LLC lowered its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 49.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,500 shares of the business services provider's stock after selling 13,000 shares during the quarter. Nkcfo LLC's holdings in Liquidity Services were worth $419,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LQDT. Millennium Management LLC raised its stake in Liquidity Services by 826.0% in the fourth quarter. Millennium Management LLC now owns 196,366 shares of the business services provider's stock valued at $6,341,000 after purchasing an additional 175,161 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Liquidity Services by 10.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 132,134 shares of the business services provider's stock valued at $4,097,000 after buying an additional 12,702 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Liquidity Services by 155.2% in the fourth quarter. BNP Paribas Financial Markets now owns 63,587 shares of the business services provider's stock valued at $2,053,000 after acquiring an additional 38,675 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Liquidity Services by 25.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider's stock valued at $2,309,000 after acquiring an additional 14,542 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in Liquidity Services by 25.9% in the fourth quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider's stock valued at $745,000 after acquiring an additional 4,756 shares in the last quarter. Institutional investors own 71.15% of the company's stock.

Liquidity Services Price Performance

NASDAQ:LQDT traded down $0.55 during trading hours on Thursday, hitting $23.69. The company had a trading volume of 163,882 shares, compared to its average volume of 325,965. Liquidity Services, Inc. has a 52 week low of $19.87 and a 52 week high of $39.72. The company has a market capitalization of $739.51 million, a PE ratio of 30.00 and a beta of 1.14. The stock has a 50-day moving average price of $24.09 and a 200 day moving average price of $29.08.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share for the quarter, hitting analysts' consensus estimates of $0.31. The firm 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%.

Insider Buying and Selling at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 10,000 shares of Liquidity Services stock in a transaction dated 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 transaction, the director owned 184,562 shares of the company's stock, valued at $5,822,931.10. The trade was a 5.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.