Wellington Management Group LLP Decreases Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Wellington Management Group LLP reduced its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 32.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 249,853 shares of the business services provider's stock after selling 120,200 shares during the quarter. Wellington Management Group LLP owned about 0.80% of Liquidity Services worth $8,068,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in shares of Liquidity Services during the 4th quarter valued at approximately $38,000. Quarry LP acquired a new position in Liquidity Services in the 4th quarter valued at approximately $47,000. Aquatic Capital Management LLC increased its position in Liquidity Services by 257.6% in the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after acquiring an additional 1,288 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Liquidity Services in the 4th quarter valued at approximately $132,000. Finally, Longboard Asset Management LP acquired a new position in Liquidity Services in the 4th quarter valued at approximately $200,000. 71.15% of the stock is owned by institutional investors.

Insider Activity at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 29,169 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.06, for a total transaction of $847,651.14. Following the completion of the transaction, the director now owns 230,393 shares of the company's stock, valued at approximately $6,695,220.58. The trade was a 11.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 105,100 shares of company stock valued at $3,223,400. Corporate insiders own 28.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Barrington Research restated an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a report on Wednesday, March 19th.

Liquidity Services Price Performance

Shares of LQDT stock traded up $0.34 on Friday, hitting $24.83. The stock had a trading volume of 335,820 shares, compared to its average volume of 237,856. The business has a 50 day moving average of $27.97 and a 200 day moving average of $30.48. The stock has a market cap of $775.22 million, a price-to-earnings ratio of 33.11 and a beta of 1.16. Liquidity Services, Inc. has a 12-month low of $18.87 and a 12-month high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its earnings results on Thursday, May 8th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $116.38 million during the quarter, compared to the consensus estimate of $125.20 million. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

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.