State Board of Administration of Florida Retirement System Decreases Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

State Board of Administration of Florida Retirement System lessened its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) by 10.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,997 shares of the business services provider’s stock after selling 1,540 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Liquidity Services were worth $183,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Alpha Paradigm Partners LLC raised its stake in shares of Liquidity Services by 3.0% during the 3rd quarter. Alpha Paradigm Partners LLC now owns 30,046 shares of the business services provider’s stock worth $489,000 after buying an additional 863 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Liquidity Services by 20.0% during the 3rd quarter. Mutual of America Capital Management LLC now owns 5,379 shares of the business services provider’s stock worth $87,000 after buying an additional 898 shares during the last quarter. Captrust Financial Advisors raised 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 buying an additional 954 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Liquidity Services by 1.2% during the 1st quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider’s stock worth $1,351,000 after buying an additional 959 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Liquidity Services by 3.8% during the 1st quarter. Citigroup Inc. now owns 26,305 shares of the business services provider’s stock worth $450,000 after buying an additional 973 shares during the last quarter. Institutional investors and hedge funds own 65.38% of the company’s stock.

Liquidity Services Trading Down 1.3 %

Shares of LQDT stock opened at $15.35 on Tuesday. The firm has a 50-day moving average price of $13.51 and a 200 day moving average price of $14.16. Liquidity Services, Inc. has a twelve month low of $11.97 and a twelve month high of $22.59. The company has a market capitalization of $470.94 million, a price-to-earnings ratio of 15.35 and a beta of 1.53.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, CFO Jorge Celaya sold 4,719 shares of Liquidity Services stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $14.14, for a total value of $66,726.66. Following the completion of the sale, the chief financial officer now owns 44,415 shares in the company, valued at approximately $628,028.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Liquidity Services news, Director George H. Ellis sold 8,500 shares of Liquidity Services stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $15.54, for a total value of $132,090.00. Following the completion of the sale, the director now owns 18,775 shares in the company, valued at approximately $291,763.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jorge Celaya sold 4,719 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $14.14, for a total value of $66,726.66. Following the sale, the chief financial officer now owns 44,415 shares of the company’s stock, valued at approximately $628,028.10. The disclosure for this sale can be found here. 30.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LQDT. Barrington Research reissued an “outperform” rating and issued a $20.00 target price on shares of Liquidity Services in a research note on Tuesday, February 7th. StockNews.com began coverage on shares of Liquidity Services in a research note on Thursday, May 18th. They issued a “strong-buy” rating for the company.

Liquidity Services Company Profile

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Liquidity Services, Inc engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. The GovDeals segment provides self-directed service solutions that enable local and state government entities including city, county, and state agencies to sell surplus and salvage assets through the firm’s GovDeals marketplace.