Royce & Associates LP Purchases 399,279 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Key Points

• Royce & Associates LP increased its stake in Liquidity Services, Inc. by 281.9%, owning approximately 540,928 shares valued at $16.77 million, signaling significant confidence in the company.
• Corporate insiders own 28.40% of Liquidity Services, with Director Jaime Mateus-Tique recently selling 10,000 shares, reducing their ownership by 5.14%.
• Liquidity Services reported a net margin of 6.31% and revenue of $116.38 million for the quarter, falling short of the consensus estimate of $125.20 million.

Royce & Associates LP increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 281.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 540,928 shares of the business services provider's stock after purchasing an additional 399,279 shares during the quarter. Royce & Associates LP owned approximately 1.74% of Liquidity Services worth $16,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LQDT. Ameriprise Financial Inc. boosted its stake in Liquidity Services by 651.4% in the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock valued at $25,790,000 after acquiring an additional 692,390 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Liquidity Services by 57.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock valued at $14,768,000 after acquiring an additional 167,767 shares during the last quarter. Northern Trust Corp boosted its stake in Liquidity Services by 22.7% in the fourth quarter. Northern Trust Corp now owns 263,554 shares of the business services provider's stock valued at $8,510,000 after acquiring an additional 48,818 shares during the last quarter. Sei Investments Co. boosted its stake in Liquidity Services by 8.2% in the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider's stock valued at $7,861,000 after acquiring an additional 18,450 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in Liquidity Services by 13.7% in the first quarter. Assenagon Asset Management S.A. now owns 222,137 shares of the business services provider's stock valued at $6,888,000 after acquiring an additional 26,693 shares during the last quarter. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Liquidity Services Stock Performance

LQDT traded down $0.20 during midday trading on Monday, reaching $24.64. The company had a trading volume of 55,469 shares, compared to its average volume of 323,142. The stock has a market cap of $769.26 million, a PE ratio of 31.23 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 has a 50-day moving average price of $24.12 and a two-hundred day moving average price of $29.20.

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

Insider Activity at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 10,000 shares of the company'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 represents a 5.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 28.40% of the company's stock.

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.