Los Angeles Capital Management LLC Invests $900,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Los Angeles Capital Management LLC bought a new stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 52,319 shares of the business services provider's stock, valued at approximately $900,000. Los Angeles Capital Management LLC owned about 0.17% of Liquidity Services at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LQDT. Pacer Advisors Inc. lifted its stake in shares of Liquidity Services by 72.6% in the fourth 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 during the period. Wellington Management Group LLP increased its position in shares of Liquidity Services by 7.0% during the third quarter. Wellington Management Group LLP now owns 415,500 shares of the business services provider's stock valued at $7,321,000 after purchasing an additional 27,200 shares during the period. Acadian Asset Management LLC raised its stake in shares of Liquidity Services by 33.6% in the third 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 in the last quarter. Assenagon Asset Management S.A. lifted its position in Liquidity Services by 119.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 232,170 shares of the business services provider's stock worth $3,996,000 after purchasing an additional 126,156 shares during the period. Finally, North Star Investment Management Corp. boosted its stake in Liquidity Services by 103.8% during the fourth quarter. North Star Investment Management Corp. now owns 173,175 shares of the business services provider's stock worth $2,980,000 after buying an additional 88,200 shares in the last quarter. Institutional investors own 71.15% of the company's stock.

Insider Buying and Selling

In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 19,402 shares in the company, valued at $339,535. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 29.77% of the stock is currently owned by corporate insiders.

Liquidity Services Stock Down 0.7 %

Shares of LQDT traded down $0.13 on Friday, hitting $18.60. The company's stock had a trading volume of 138,917 shares, compared to its average volume of 131,396. The firm has a market capitalization of $571.39 million, a price-to-earnings ratio of 31.22 and a beta of 1.38. The firm's fifty day moving average price is $17.91 and its 200-day moving average price is $18.00. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $21.10.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. The business had revenue of $91.45 million for the quarter. Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%. During the same quarter in the previous year, the business earned $0.20 earnings per share.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LQDT shares. StockNews.com raised Liquidity Services from a "buy" rating to a "strong-buy" rating in a report on Friday, May 3rd. TheStreet downgraded Liquidity Services from a "b-" rating to a "c+" rating in a report on Thursday, February 8th. Finally, Barrington Research restated an "outperform" rating and set a $27.00 target price on shares of Liquidity Services in a report on Monday.

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.