Rhumbline Advisers Purchases 486 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Rhumbline Advisers grew its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 0.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 63,884 shares of the business services provider’s stock after acquiring an additional 486 shares during the period. Rhumbline Advisers owned 0.21% of Liquidity Services worth $1,981,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Harvest Fund Management Co. Ltd bought a new position in shares of Liquidity Services in the 4th quarter worth $38,000. Quarry LP bought a new position in shares of Liquidity Services in the fourth quarter worth $47,000. Aquatic Capital Management LLC lifted its stake in Liquidity Services by 257.6% in the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after purchasing an additional 1,288 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Liquidity Services during the 4th quarter valued at $132,000. Finally, Yousif Capital Management LLC purchased a new position in shares of Liquidity Services during the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Trading Up 0.8%

NASDAQ LQDT opened at $23.59 on Tuesday. Liquidity Services, Inc. has a 12-month low of $18.90 and a 12-month high of $39.72. The firm has a market capitalization of $736.50 million, a P/E ratio of 31.45 and a beta of 1.16. The firm’s fifty day simple moving average is $27.32 and its two-hundred day simple moving average is $30.50.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%. The business had revenue of $116.38 million for the quarter, compared to analyst estimates of $125.20 million.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LQDT. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th. Wall Street Zen downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Insider Activity

In related news, Director Jaime Mateus-Tique sold 29,169 shares of Liquidity Services stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $29.06, for a total value of $847,651.14. Following the sale, the director now directly owns 230,393 shares in the company, valued at $6,695,220.58. The trade was a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders sold 105,100 shares of company stock worth $3,223,400. 28.40% of the stock is currently owned by company insiders.

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.