Liquidity Services, Inc. (NASDAQ:LQDT) Shares Bought by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. has significantly increased its holdings in Liquidity Services, Inc. by 146.7%, now owning approximately 0.32% of the company, valued at over $3 million.
• Multiple hedge funds have also made moves regarding Liquidity Services, with Teacher Retirement System of Texas and others purchasing new positions, contributing to institutional ownership of 71.15%.
• Liquidity Services' stock recently declined by 2.5% to $24.21, while they reported quarterly earnings meeting analyst expectations with a revenue of $116.38 million.

Victory Capital Management Inc. increased its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 146.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,736 shares of the business services provider's stock after acquiring an additional 58,707 shares during the quarter. Victory Capital Management Inc. owned about 0.32% of Liquidity Services worth $3,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LQDT. CWM LLC boosted its holdings in shares of Liquidity Services by 166.8% in the first quarter. CWM LLC now owns 1,318 shares of the business services provider's stock valued at $41,000 after acquiring an additional 824 shares in the last quarter. Alps Advisors Inc. purchased a new stake in shares of Liquidity Services in the first quarter valued at about $372,000. Linden Thomas Advisory Services LLC boosted its holdings in shares of Liquidity Services by 8.0% in the first quarter. Linden Thomas Advisory Services LLC now owns 7,344 shares of the business services provider's stock valued at $228,000 after acquiring an additional 544 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Liquidity Services by 4.0% in the first quarter. Principal Financial Group Inc. now owns 113,042 shares of the business services provider's stock valued at $3,505,000 after acquiring an additional 4,355 shares in the last quarter. Finally, Meritage Portfolio Management purchased a new stake in shares of Liquidity Services in the first quarter valued at about $395,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jaime Mateus-Tique sold 10,000 shares of the business's stock in a transaction dated 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 owned 184,562 shares of the company's stock, valued at approximately $5,822,931.10. The trade was a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 28.40% of the company's stock.

Liquidity Services Stock Performance

LQDT stock traded down $0.22 during trading on Thursday, reaching $24.02. 77,832 shares of the company were exchanged, compared to its average volume of 325,363. The company has a market cap of $749.87 million, a P/E ratio of 30.37 and a beta of 1.14. Liquidity Services, Inc. has a 52-week low of $19.87 and a 52-week high of $39.72. The stock's 50 day moving average price is $24.09 and its 200 day moving average price is $29.08.

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

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.