Pacer Advisors Inc. Sells 560,839 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Pacer Advisors Inc. lowered its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 97.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,811 shares of the business services provider's stock after selling 560,839 shares during the period. Pacer Advisors Inc. owned approximately 0.05% of Liquidity Services worth $521,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its stake in shares of Liquidity Services by 166.8% in the first quarter. CWM LLC now owns 1,318 shares of the business services provider's stock worth $41,000 after acquiring an additional 824 shares during the last quarter. Quarry LP acquired a new position in shares of Liquidity Services in the fourth quarter worth $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 worth $58,000 after acquiring an additional 1,288 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Liquidity Services during the fourth quarter worth $132,000. Finally, Diversified Trust Co acquired a new position in Liquidity Services during the first quarter worth $205,000. Hedge funds and other institutional investors own 71.15% of the company's stock.

Liquidity Services Trading Up 1.2%

Liquidity Services stock traded up $0.28 during mid-day trading on Monday, hitting $23.76. 42,142 shares of the company's stock were exchanged, compared to its average volume of 324,351. The stock has a market cap of $741.63 million, a P/E ratio of 30.07 and a beta of 1.21. Liquidity Services, Inc. has a 1-year low of $19.87 and a 1-year high of $39.72. The stock has a 50 day moving average of $24.06 and a two-hundred day moving average of $28.85.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted 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 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%.

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.