Vanguard Group Inc. Has $29.63 Million Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Vanguard Group Inc. cut its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 3.8% during the 3rd quarter, Holdings Channel reports. The firm owned 1,681,783 shares of the business services provider’s stock after selling 66,672 shares during the quarter. Vanguard Group Inc. owned approximately 0.05% of Liquidity Services worth $29,633,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LQDT. Swiss National Bank boosted its holdings in Liquidity Services by 7.5% during the first quarter. Swiss National Bank now owns 67,100 shares of the business services provider’s stock worth $1,149,000 after purchasing an additional 4,700 shares during the last quarter. Citigroup Inc. boosted its holdings in Liquidity Services by 3.8% during the first quarter. Citigroup Inc. now owns 26,305 shares of the business services provider’s stock worth $450,000 after purchasing an additional 973 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in Liquidity Services by 50.3% during the first quarter. MetLife Investment Management LLC now owns 15,553 shares of the business services provider’s stock worth $266,000 after purchasing an additional 5,207 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Liquidity Services by 1.2% during the first quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider’s stock worth $1,351,000 after purchasing an additional 959 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Liquidity Services by 14.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,995 shares of the business services provider’s stock worth $394,000 after purchasing an additional 2,906 shares during the last quarter. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Liquidity Services Stock Performance

Shares of LQDT stock opened at $18.29 on Friday. The firm has a market cap of $561.87 million, a price-to-earnings ratio of 30.48 and a beta of 1.34. Liquidity Services, Inc. has a 52 week low of $12.60 and a 52 week high of $21.10. The firm’s 50-day simple moving average is $17.64 and its two-hundred day simple moving average is $18.18.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The company had revenue of $71.33 million during the quarter.

Analyst Upgrades and Downgrades

LQDT has been the topic of several analyst reports. TheStreet cut shares of Liquidity Services from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research report on Thursday, February 8th.

Insider Activity

In other news, Director George H. Ellis sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 of the company’s stock, valued at $339,535. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 29.77% of the company’s stock.

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.