Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC trimmed its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 7.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,172 shares of the business services provider's stock after selling 13,660 shares during the quarter. Penserra Capital Management LLC owned 0.56% of Liquidity Services worth $5,401,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services during the 4th quarter worth about $38,000. Quarry LP acquired a new stake in shares of Liquidity Services during the 4th quarter worth about $47,000. Aquatic Capital Management LLC raised its position in shares of 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 worth $58,000 after acquiring an additional 1,288 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Liquidity Services during the 4th quarter worth about $132,000. Finally, Diversified Trust Co purchased a new position in Liquidity Services during the 1st quarter worth approximately $205,000. Institutional investors and hedge funds own 71.15% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th.

Insider Buying and Selling

In other Liquidity Services news, Director Jaime Mateus-Tique sold 10,000 shares of the company'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 directly owned 184,562 shares in the company, valued at $5,822,931.10. This represents a 5.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 40,931 shares of company stock valued at $1,258,199 in the last ninety days. Corporate insiders own 28.40% of the company's stock.

Liquidity Services Price Performance

LQDT traded up $0.41 during trading on Tuesday, reaching $24.56. 204,618 shares of the stock were exchanged, compared to its average volume of 248,710. Liquidity Services, Inc. has a 1 year low of $19.31 and a 1 year high of $39.72. The company has a market capitalization of $766.76 million, a price-to-earnings ratio of 31.09 and a beta of 1.14. The business's 50 day moving average price is $25.20 and its two-hundred day moving average price is $29.97.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly 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. Liquidity Services had a return on equity of 20.89% and a net margin of 6.31%. The company had revenue of $116.38 million during the quarter, compared to analysts' expectations of $125.20 million.

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.