Liquidity Services, Inc. (NASDAQ:LQDT) Stock Holdings Decreased by American International Group Inc.

American International Group Inc. lowered its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 4.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 12,715 shares of the business services provider’s stock after selling 588 shares during the period. American International Group Inc.’s holdings in Liquidity Services were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LQDT. Millennium Management LLC acquired a new position in shares of Liquidity Services in the 4th quarter valued at about $4,336,000. Silvercrest Asset Management Group LLC boosted its holdings in shares of Liquidity Services by 22.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 839,978 shares of the business services provider’s stock valued at $11,063,000 after buying an additional 155,121 shares during the period. BlackRock Inc. boosted its holdings in shares of Liquidity Services by 3.4% in the 3rd quarter. BlackRock Inc. now owns 4,144,617 shares of the business services provider’s stock valued at $67,393,000 after buying an additional 137,083 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Liquidity Services by 384.8% in the 1st quarter. Acadian Asset Management LLC now owns 154,277 shares of the business services provider’s stock valued at $2,030,000 after buying an additional 122,455 shares during the period. Finally, Roumell Asset Management LLC boosted its holdings in shares of Liquidity Services by 127.7% in the 1st quarter. Roumell Asset Management LLC now owns 193,562 shares of the business services provider’s stock valued at $2,549,000 after buying an additional 108,562 shares during the period. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

LQDT has been the subject of several research reports. Barrington Research lifted their price target on shares of Liquidity Services from $20.00 to $27.00 and gave the company an “outperform” rating in a report on Monday, August 14th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, CEO William P. Angrick III sold 100,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $18.35, for a total transaction of $1,835,000.00. Following the completion of the transaction, the chief executive officer now directly owns 5,190,482 shares of the company’s stock, valued at approximately $95,245,344.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO William P. Angrick III sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $18.35, for a total value of $1,835,000.00. Following the completion of the sale, the chief executive officer now directly owns 5,190,482 shares of the company’s stock, valued at approximately $95,245,344.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Steven Weiskircher sold 6,964 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $17.00, for a total transaction of $118,388.00. Following the completion of the sale, the senior vice president now directly owns 91,171 shares of the company’s stock, valued at $1,549,907. The disclosure for this sale can be found here. Insiders sold 208,588 shares of company stock valued at $3,783,960 in the last ninety days. Company insiders own 30.41% of the company’s stock.

Liquidity Services Stock Down 1.5 %

Liquidity Services stock opened at $20.59 on Tuesday. The firm has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $17.43. The firm has a market capitalization of $631.93 million, a price-to-earnings ratio of 29.00 and a beta of 1.50. Liquidity Services, Inc. has a 52-week low of $11.97 and a 52-week high of $21.10.

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. It operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. The company's 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.