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

Wellington Management Group LLP decreased its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 32.5% in the 4th quarter, according to its most recent Form 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 period. Wellington Management Group LLP owned approximately 0.80% of Liquidity Services worth $8,068,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Liquidity Services in the fourth quarter valued at approximately $38,000. Quarry LP acquired a new position in shares of Liquidity Services in the fourth quarter valued at approximately $47,000. Aquatic Capital Management LLC raised its position in shares of Liquidity Services by 257.6% in the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after buying an additional 1,288 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Liquidity Services in the fourth quarter valued at approximately $132,000. Finally, Longboard Asset Management LP acquired a new position in shares of Liquidity Services in the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 71.15% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on LQDT. Wall Street Zen lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Barrington Research reaffirmed 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

LQDT stock traded up $0.34 on Friday, hitting $24.83. 335,820 shares of the company were exchanged, compared to its average volume of 237,136. Liquidity Services, Inc. has a twelve month low of $18.87 and a twelve month high of $39.72. The business's fifty day moving average is $27.97 and its two-hundred day moving average is $30.48. The stock has a market capitalization of $775.22 million, a price-to-earnings ratio of 33.11 and a beta of 1.16.

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

Insider Transactions at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 35,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.93, for a total value of $1,117,550.00. Following the completion of the sale, the director now owns 298,262 shares of the company's stock, valued at $9,523,505.66. This represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 105,100 shares of company stock valued at $3,223,400 over the last 90 days. Corporate insiders own 28.40% of the company's stock.

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.