Silvercrest Asset Management Group LLC Decreases Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Silvercrest Asset Management Group LLC reduced its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 43.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LQDT. Ameriprise Financial Inc. boosted its holdings in shares of Liquidity Services by 651.4% in the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock valued at $25,790,000 after buying an additional 692,390 shares in the last quarter. Millennium Management LLC raised its position in shares of Liquidity Services by 826.0% in the 4th quarter. Millennium Management LLC now owns 196,366 shares of the business services provider's stock valued at $6,341,000 after purchasing an additional 175,161 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock valued at $14,768,000 after purchasing an additional 167,767 shares during the last quarter. Royce & Associates LP raised its holdings in shares of Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock worth $4,574,000 after buying an additional 120,226 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Liquidity Services during the fourth quarter worth $3,477,000. 71.15% of the stock is currently owned by institutional investors.

Insider Transactions at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 931 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $29.43, for a total transaction of $27,399.33. Following the sale, the director now owns 224,562 shares of the company's stock, valued at $6,608,859.66. This trade represents a 0.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total transaction of $269,574.48. Following the completion of the sale, the insider now directly owns 36,181 shares in the company, valued at $1,228,706.76. This represents a 17.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 118,038 shares of company stock valued at $3,669,775 in the last 90 days. 28.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LQDT has been the subject of a number of research analyst reports. StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Barrington Research reaffirmed an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th.

Liquidity Services Stock Performance

Shares of Liquidity Services stock traded up $0.13 during trading on Tuesday, hitting $24.85. 346,643 shares of the company's stock were exchanged, compared to its average volume of 226,886. The business has a 50-day simple moving average of $29.94 and a 200-day simple moving average of $30.61. Liquidity Services, Inc. has a 52-week low of $18.78 and a 52-week high of $39.72. The stock has a market capitalization of $775.84 million, a price-to-earnings ratio of 33.13 and a beta of 1.31.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its 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. The firm had revenue of $116.38 million during the quarter, compared to analysts' expectations of $125.20 million. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

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.