Assenagon Asset Management S.A. Boosts Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Assenagon Asset Management S.A. grew its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 119.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 232,170 shares of the business services provider's stock after acquiring an additional 126,156 shares during the quarter. Assenagon Asset Management S.A. owned about 0.75% of Liquidity Services worth $3,996,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LQDT. Captrust Financial Advisors lifted its position in shares of Liquidity Services by 87.0% during the 1st quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider's stock valued at $35,000 after acquiring an additional 954 shares during the period. Tower Research Capital LLC TRC boosted its stake in Liquidity Services by 528.0% in the first quarter. Tower Research Capital LLC TRC now owns 3,203 shares of the business services provider's stock valued at $42,000 after buying an additional 2,693 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Liquidity Services in the second quarter valued at about $53,000. US Bancorp DE acquired a new stake in Liquidity Services in the second quarter valued at about $66,000. Finally, Royal Bank of Canada boosted its stake in Liquidity Services by 37.2% in the third quarter. Royal Bank of Canada now owns 4,306 shares of the business services provider's stock valued at $70,000 after buying an additional 1,167 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LQDT has been the topic of several research analyst reports. TheStreet lowered 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 issued a $27.00 price objective on shares of Liquidity Services in a research note on Thursday, February 8th. Finally, StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 13th.

Liquidity Services Stock Down 0.6 %

Shares of LQDT stock traded down $0.11 during mid-day trading on Tuesday, reaching $18.50. 85,878 shares of the stock traded hands, compared to its average volume of 140,584. The stock's fifty day simple moving average is $17.50 and its two-hundred day simple moving average is $18.15. Liquidity Services, Inc. has a 1-year low of $12.60 and a 1-year high of $21.10. The company has a market cap of $568.32 million, a price-to-earnings ratio of 30.83 and a beta of 1.34.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly 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). Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%. The firm had revenue of $71.33 million for the quarter.

Insider Transactions at Liquidity Services

In other news, Director George H. Ellis sold 6,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00. Following the completion of the transaction, the director now directly owns 19,402 shares in the company, valued at $339,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 29.77% of the stock is owned by corporate insiders.

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.