Punch & Associates Investment Management Inc. acquired a new stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 954,735 shares of the business services provider's stock, valued at approximately $37,349,000. Liquidity Services comprises approximately 1.8% of Punch & Associates Investment Management Inc.'s holdings, making the stock its 10th largest position. Punch & Associates Investment Management Inc. owned approximately 3.05% of Liquidity Services at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE acquired a new position in shares of Liquidity Services in the second quarter worth about $2,059,000. Man Group plc acquired a new stake in Liquidity Services during the 2nd quarter valued at approximately $2,426,000. Jupiter Topco LLC purchased a new stake in Liquidity Services during the 2nd quarter worth approximately $487,000. Canada Pension Plan Investment Board purchased a new stake in Liquidity Services during the 2nd quarter worth approximately $509,000. Finally, Legal & General Group Plc acquired a new position in shares of Liquidity Services in the 2nd quarter valued at approximately $2,141,000. 71.15% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Liquidity Services
In other news, CFO Jorge Celaya sold 9,951 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $36.79, for a total value of $366,097.29. Following the transaction, the chief financial officer directly owned 66,895 shares in the company, valued at approximately $2,461,067.05. This trade represents a 12.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Daunt sold 10,139 shares of the business's stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $39.24, for a total transaction of $397,854.36. Following the sale, the executive vice president directly owned 38,086 shares of the company's stock, valued at approximately $1,494,494.64. This represents a 21.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 110,148 shares of company stock worth $4,181,881. 28.06% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the stock. Weiss Ratings raised shares of Liquidity Services from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Zacks Research raised shares of Liquidity Services from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 16th. Finally, Barrington Research set a $50.00 target price on shares of Liquidity Services in a research report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.
Get Our Latest Stock Analysis on LQDT
Liquidity Services Trading Down 2.9%
Shares of LQDT opened at $41.89 on Thursday. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 41.07 and a beta of 1.10. The stock has a 50 day moving average of $39.83 and a 200-day moving average of $35.51. Liquidity Services, Inc. has a 52 week low of $21.67 and a 52 week high of $44.09.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. Liquidity Services had a return on equity of 17.60% and a net margin of 6.79%.The business had revenue of $129.58 million during the quarter, compared to the consensus estimate of $57.83 million. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. On average, sell-side analysts predict that Liquidity Services, Inc. will post 1.16 earnings per share for the current fiscal year.
Liquidity Services Profile
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Free Report)
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company's core services include asset valuation, marketing, inspection and logistics coordination.
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