Victory Capital Management Inc. Reduces Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Victory Capital Management Inc. trimmed its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,914 shares of the business services provider’s stock after selling 692 shares during the quarter. Victory Capital Management Inc. owned about 0.19% of Liquidity Services worth $1,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in Liquidity Services during the third quarter valued at approximately $48,000. GAMMA Investing LLC lifted its stake in shares of Liquidity Services by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 540 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Liquidity Services during the second quarter worth $87,000. SG Americas Securities LLC acquired a new stake in Liquidity Services during the third quarter valued at $298,000. Finally, Price T Rowe Associates Inc. MD grew its position in Liquidity Services by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock valued at $389,000 after buying an additional 870 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John Daunt sold 41,454 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $21.75, for a total value of $901,624.50. Following the completion of the sale, the executive vice president now directly owns 50,712 shares in the company, valued at $1,102,986. This represents a 44.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jorge Celaya sold 3,248 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $21.51, for a total transaction of $69,864.48. Following the transaction, the chief financial officer now owns 51,988 shares in the company, valued at $1,118,261.88. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 62,105 shares of company stock worth $1,349,177. Corporate insiders own 29.77% of the company’s stock.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT opened at $25.59 on Wednesday. The business’s 50 day moving average price is $23.01 and its 200-day moving average price is $21.44. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $25.85. The firm has a market capitalization of $781.26 million, a price-to-earnings ratio of 40.62 and a beta of 1.39.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Monday, August 26th.

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.