Penserra Capital Management LLC Has $5.40 Million Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

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

Several other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its stake in shares of Liquidity Services by 651.4% in the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock valued at $25,790,000 after purchasing an additional 692,390 shares during the period. Millennium Management LLC lifted 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 buying an additional 175,161 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after buying an additional 167,767 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Liquidity Services by 3,194.8% during the first quarter. GAMMA Investing LLC now owns 159,764 shares of the business services provider's stock worth $5,152,000 after buying an additional 154,915 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Liquidity Services by 561.2% during the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock worth $4,574,000 after buying an additional 120,226 shares during the period. Institutional investors and hedge funds own 71.15% of the company's stock.

Liquidity Services Trading Down 0.3%

Shares of LQDT stock traded down $0.07 on Monday, hitting $24.15. The stock had a trading volume of 288,501 shares, compared to its average volume of 248,209. Liquidity Services, Inc. has a twelve month low of $19.31 and a twelve month high of $39.72. The company has a fifty day moving average price of $25.35 and a two-hundred day moving average price of $30.02. The firm has a market cap of $753.99 million, a P/E ratio of 30.57 and a beta of 1.14.

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

Insider Activity

In other Liquidity Services news, Director Jaime Mateus-Tique sold 10,000 shares of the firm'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 transaction of $315,500.00. Following the sale, the director directly owned 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 filing with the SEC, which is accessible through this link. In the last three months, insiders sold 40,931 shares of company stock valued at $1,258,199. 28.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Liquidity Services 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.