Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC lessened its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 43.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 619,145 shares of the business services provider's stock after selling 467,727 shares during the period. Silvercrest Asset Management Group LLC owned 2.01% of Liquidity Services worth $19,992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in shares of Liquidity Services by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after purchasing an additional 30,360 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Liquidity Services by 107.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider's stock valued at $3,856,000 after buying an additional 61,918 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Liquidity Services by 155.2% during the fourth quarter. BNP Paribas Financial Markets now owns 63,587 shares of the business services provider's stock worth $2,053,000 after buying an additional 38,675 shares during the period. Alliancebernstein L.P. increased its position in shares of Liquidity Services by 25.9% during the fourth quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider's stock valued at $745,000 after acquiring an additional 4,756 shares during the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Liquidity Services during the fourth quarter valued at about $226,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Liquidity Services news, insider Novelette Murray sold 7,938 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total transaction of $269,574.48. Following the sale, the insider now owns 36,181 shares in the company, valued at $1,228,706.76. This represents a 17.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jaime Mateus-Tique sold 29,169 shares of Liquidity Services stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $29.06, for a total value of $847,651.14. Following the completion of the transaction, the director now owns 230,393 shares of the company's stock, valued at $6,695,220.58. The trade was a 11.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,038 shares of company stock valued at $3,492,975 in the last ninety days. Company insiders own 28.40% of the company's stock.

Liquidity Services Trading Up 0.1%

Liquidity Services stock traded up $0.02 during midday trading on Thursday, reaching $24.96. 74,197 shares of the stock traded hands, compared to its average volume of 227,406. The firm has a market cap of $779.28 million, a PE ratio of 33.27 and a beta of 1.31. The company has a 50-day simple moving average of $29.75 and a two-hundred day simple moving average of $30.53. Liquidity Services, Inc. has a 12-month low of $18.78 and a 12-month high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $116.38 million for the quarter, compared to analysts' expectations of $125.20 million.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LQDT shares. Wall Street Zen cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th.

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.