Vanguard Group Inc. Sells 66,672 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Vanguard Group Inc. lessened its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,681,783 shares of the business services provider's stock after selling 66,672 shares during the quarter. Vanguard Group Inc. owned 5.47% of Liquidity Services worth $29,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its stake 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 worth $35,000 after acquiring an additional 954 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Liquidity Services by 528.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,203 shares of the business services provider's stock worth $42,000 after acquiring an additional 2,693 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Liquidity Services during the 2nd quarter worth approximately $53,000. Qube Research & Technologies Ltd purchased a new stake in shares of Liquidity Services during the 3rd quarter worth approximately $76,000. Finally, Royal Bank of Canada boosted its stake in shares of Liquidity Services by 37.2% during the 3rd quarter. Royal Bank of Canada now owns 4,306 shares of the business services provider's stock worth $70,000 after acquiring an additional 1,167 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company's stock.

Wall Street Analyst Weigh In

LQDT has been the subject of several research reports. StockNews.com downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 13th. Barrington Research restated an "outperform" rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Thursday, February 8th. Finally, TheStreet downgraded Liquidity Services from a "b-" rating to a "c+" rating in a research report on Thursday, February 8th.

Liquidity Services Stock Down 2.1 %

Shares of Liquidity Services stock traded down $0.38 during trading on Friday, hitting $17.91. 57,406 shares of the company were exchanged, compared to its average volume of 134,362. The firm has a 50 day moving average price of $17.65 and a 200 day moving average price of $18.19. The stock has a market capitalization of $550.18 million, a price-to-earnings ratio of 29.85 and a beta of 1.34. Liquidity Services, Inc. has a fifty-two week low of $12.60 and a fifty-two week high of $21.10.

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

Insider Buying and Selling at Liquidity Services

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

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.