Rice Hall James & Associates LLC Lowers Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Rice Hall James & Associates LLC reduced its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 8.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,782 shares of the business services provider's stock after selling 28,473 shares during the period. Rice Hall James & Associates LLC owned about 0.99% of Liquidity Services worth $9,482,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LQDT. Ameriprise Financial Inc. increased its position in Liquidity Services by 651.4% during the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock worth $25,790,000 after buying an additional 692,390 shares in the last quarter. Millennium Management LLC increased its position in Liquidity Services by 826.0% during the fourth quarter. Millennium Management LLC now owns 196,366 shares of the business services provider's stock worth $6,341,000 after buying an additional 175,161 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position 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 in the last quarter. GAMMA Investing LLC increased its position 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 in the last quarter. Finally, Royce & Associates LP increased its position in Liquidity Services by 561.2% during the fourth 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 in the last quarter. Hedge funds and other institutional investors own 71.15% of the company's stock.

Wall Street Analyst Weigh In

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

Liquidity Services Price Performance

Liquidity Services stock traded up $0.70 during mid-day trading on Thursday, hitting $25.16. 244,553 shares of the company were exchanged, compared to its average volume of 251,764. The company has a market capitalization of $785.50 million, a P/E ratio of 31.85 and a beta of 1.14. Liquidity Services, Inc. has a 12-month low of $19.87 and a 12-month high of $39.72. The business's 50 day simple moving average is $24.09 and its two-hundred day simple moving average is $29.58.

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

Insider Activity at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 10,000 shares of Liquidity Services stock in a transaction on Monday, May 5th. The stock was sold at an average price of $31.55, for a total value of $315,500.00. Following the completion of the sale, the director owned 184,562 shares of the company's stock, valued at $5,822,931.10. The trade was a 5.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $933,600 over the last ninety days. 28.40% of the stock is owned by insiders.

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.