Liquidity Services (NASDAQ:LQDT) Shares Down 6%

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report)'s stock price traded down 6% during trading on Thursday . The company traded as low as $17.33 and last traded at $18.10. 27,471 shares were traded during mid-day trading, a decline of 79% from the average session volume of 129,003 shares. The stock had previously closed at $19.26.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LQDT shares. TheStreet cut Liquidity Services from a "b-" rating to a "c+" rating in a research note on Thursday, February 8th. Barrington Research reaffirmed an "outperform" rating and set a $27.00 target price on shares of Liquidity Services in a research note on Monday. Finally, StockNews.com upgraded Liquidity Services from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 3rd.

Liquidity Services Stock Performance

The stock has a 50-day simple moving average of $17.89 and a two-hundred day simple moving average of $18.00. The firm has a market cap of $575.39 million, a PE ratio of 30.32 and a beta of 1.38.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The business had revenue of $71.33 million for the quarter. Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%.

Insider Activity at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of Liquidity Services stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00. Following the sale, the director now owns 19,402 shares of the company's stock, valued at approximately $339,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 29.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LQDT. Dimensional Fund Advisors LP increased its stake in Liquidity Services by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider's stock worth $19,630,000 after acquiring an additional 7,868 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Liquidity Services by 72.6% during the 4th quarter. Pacer Advisors Inc. now owns 548,550 shares of the business services provider's stock valued at $9,441,000 after buying an additional 230,755 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Liquidity Services by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider's stock valued at $7,221,000 after purchasing an additional 4,100 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Liquidity Services by 72.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 339,838 shares of the business services provider's stock worth $6,321,000 after purchasing an additional 142,443 shares during the period. Finally, Acadian Asset Management LLC increased its position in shares of Liquidity Services by 33.6% during the 3rd quarter. Acadian Asset Management LLC now owns 339,200 shares of the business services provider's stock valued at $5,972,000 after purchasing an additional 85,356 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Liquidity Services Company 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.