North Star Investment Management Corp. Has $4.31 Million Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

North Star Investment Management Corp. cut its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 19.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 138,975 shares of the business services provider's stock after selling 34,200 shares during the period. North Star Investment Management Corp. owned about 0.45% of Liquidity Services worth $4,310,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in Liquidity Services in the fourth quarter worth $38,000. Quarry LP acquired a new stake in shares of Liquidity Services in the 4th quarter worth about $47,000. Aquatic Capital Management LLC increased its holdings in shares of Liquidity Services by 257.6% in the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock worth $58,000 after acquiring an additional 1,288 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Liquidity Services in the 4th quarter valued at about $132,000. Finally, Yousif Capital Management LLC acquired a new position in Liquidity Services during the 4th quarter valued at about $204,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 10,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $31.55, for a total transaction of $315,500.00. Following the completion of the sale, the director now directly owns 184,562 shares in the company, valued at approximately $5,822,931.10. This trade represents a 5.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 105,100 shares of company stock valued at $3,223,400. Corporate insiders own 28.40% of the company's stock.

Analyst Upgrades and Downgrades

LQDT has been the topic of several analyst reports. Barrington Research restated an "outperform" rating and issued a $40.00 price target 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 note on Tuesday, March 4th.

Liquidity Services Stock Down 0.5%

NASDAQ LQDT traded down $0.11 on Wednesday, reaching $23.32. 173,419 shares of the stock traded hands, compared to its average volume of 240,434. Liquidity Services, Inc. has a 12 month low of $18.94 and a 12 month high of $39.72. The company has a market cap of $728.05 million, a price-to-earnings ratio of 29.52 and a beta of 1.16. The firm's fifty day simple moving average is $27.18 and its 200 day simple moving average is $30.45.

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

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.