Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC cut its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 approximately 0.99% of Liquidity Services worth $9,482,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Millennium Management LLC increased its holdings in shares of Liquidity Services by 826.0% in the 4th 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Liquidity Services by 10.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 132,134 shares of the business services provider's stock valued at $4,097,000 after purchasing an additional 12,702 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Liquidity Services by 155.2% in the 4th quarter. BNP Paribas Financial Markets now owns 63,587 shares of the business services provider's stock valued at $2,053,000 after purchasing an additional 38,675 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Liquidity Services by 25.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider's stock valued at $2,309,000 after purchasing an additional 14,542 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Liquidity Services by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider's stock valued at $745,000 after purchasing an additional 4,756 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors.

Liquidity Services Trading Up 0.5%

Shares of NASDAQ:LQDT traded up $0.12 on Wednesday, reaching $24.46. The company had a trading volume of 176,626 shares, compared to its average volume of 250,590. Liquidity Services, Inc. has a 52-week low of $19.87 and a 52-week high of $39.72. The firm's 50 day simple moving average is $24.30 and its 200-day simple moving average is $29.67. The firm has a market capitalization of $763.64 million, a PE ratio of 30.96 and a beta of 1.14.

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

Insiders Place Their Bets

In related news, Director Jaime Mateus-Tique sold 10,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $31.55, for a total transaction of $315,500.00. Following the transaction, the director directly owned 184,562 shares in the company, valued at $5,822,931.10. The trade was a 5.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 30,000 shares of company stock worth $933,600. 28.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.