Mackenzie Financial Corp Buys 2,968 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Mackenzie Financial Corp lifted its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 23.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 15,370 shares of the business services provider’s stock after purchasing an additional 2,968 shares during the quarter. Mackenzie Financial Corp’s holdings in Liquidity Services were worth $265,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Quantbot Technologies LP raised its holdings in Liquidity Services by 88.3% in the 3rd quarter. Quantbot Technologies LP now owns 4,377 shares of the business services provider’s stock worth $77,000 after acquiring an additional 2,052 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Liquidity Services in the 3rd quarter worth approximately $112,000. SG Americas Securities LLC purchased a new position in Liquidity Services in the 3rd quarter worth approximately $162,000. Louisiana State Employees Retirement System purchased a new position in Liquidity Services in the 4th quarter worth approximately $193,000. Finally, Jump Financial LLC purchased a new position in Liquidity Services in the 3rd quarter worth approximately $215,000. 71.15% of the stock is owned by institutional investors.

Insider Transactions at Liquidity Services

In other news, Director George H. Ellis sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the completion of the sale, the director now directly owns 19,402 shares in the company, valued at approximately $339,535. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 29.77% of the stock is currently owned by company insiders.

Liquidity Services Trading Up 1.1 %

Shares of LQDT opened at $17.42 on Monday. The firm has a market cap of $535.14 million, a PE ratio of 29.03 and a beta of 1.34. The firm has a fifty day simple moving average of $17.80 and a two-hundred day simple moving average of $18.09. Liquidity Services, Inc. has a 1-year low of $12.69 and a 1-year high of $21.10.

Liquidity Services (NASDAQ:LQDT) last posted 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). The company had revenue of $71.33 million during the quarter. Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LQDT. TheStreet lowered shares of Liquidity Services from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research note on Thursday, February 8th. Finally, StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th.

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.