Liquidity Services, Inc. (NASDAQ:LQDT) Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC lifted its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 21.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,729 shares of the business services provider’s stock after acquiring an additional 2,393 shares during the period. Yousif Capital Management LLC’s holdings in Liquidity Services were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in LQDT. Pacer Advisors Inc. boosted its position in shares of Liquidity Services by 72.6% during the fourth quarter. Pacer Advisors Inc. now owns 548,550 shares of the business services provider’s stock worth $9,441,000 after buying an additional 230,755 shares during the period. Boston Partners acquired a new position in shares of Liquidity Services during the third quarter worth approximately $2,815,000. Roubaix Capital LLC acquired a new position in shares of Liquidity Services during the third quarter worth approximately $2,799,000. Assenagon Asset Management S.A. lifted its position in Liquidity Services by 119.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 232,170 shares of the business services provider’s stock worth $3,996,000 after purchasing an additional 126,156 shares during the period. Finally, North Star Investment Management Corp. lifted its position in Liquidity Services by 103.8% in the fourth quarter. North Star Investment Management Corp. now owns 173,175 shares of the business services provider’s stock worth $2,980,000 after purchasing an additional 88,200 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Liquidity Services Stock Performance

Shares of NASDAQ:LQDT opened at $17.94 on Tuesday. Liquidity Services, Inc. has a one year low of $12.97 and a one year high of $21.10. The stock has a fifty day moving average of $17.84 and a 200-day moving average of $18.01. The company has a market capitalization of $551.10 million, a PE ratio of 29.90 and a beta of 1.38.

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 analysts’ consensus estimates of $0.16 by ($0.02). Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%. The company had revenue of $71.33 million for the quarter.

Insider Activity

In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00. Following the sale, the director now directly owns 19,402 shares of the company’s stock, valued at approximately $339,535. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 29.77% of the company’s stock.

Analyst Ratings Changes

LQDT has been the subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday. TheStreet downgraded Liquidity Services from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Friday.

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.