Liquidity Services, Inc. (NASDAQ:LQDT) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 10.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 132,134 shares of the business services provider’s stock after acquiring an additional 12,702 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.43% of Liquidity Services worth $4,097,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LQDT. Ameriprise Financial Inc. boosted its holdings in Liquidity Services by 651.4% in the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock worth $25,790,000 after buying an additional 692,390 shares during the last quarter. Millennium Management LLC boosted its holdings in Liquidity Services by 826.0% in the 4th quarter. Millennium Management LLC now owns 196,366 shares of the business services provider’s stock worth $6,341,000 after buying an additional 175,161 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after buying an additional 167,767 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Liquidity Services by 3,194.8% in the 1st quarter. GAMMA Investing LLC now owns 159,764 shares of the business services provider’s stock worth $5,152,000 after buying an additional 154,915 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Liquidity Services by 561.2% in the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after buying an additional 120,226 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a report on Wednesday, March 19th.

Liquidity Services Price Performance

LQDT opened at $24.25 on Monday. The company’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $30.02. Liquidity Services, Inc. has a 1-year low of $19.31 and a 1-year high of $39.72. The firm has a market capitalization of $756.93 million, a price-to-earnings ratio of 30.69 and a beta of 1.14.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. Liquidity Services had a net margin of 6.31% and a return on equity of 20.89%. The business had revenue of $116.38 million for the quarter, compared to analyst estimates of $125.20 million.

Insiders Place Their Bets

In other Liquidity Services news, Director Jaime Mateus-Tique sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $31.55, for a total value of $315,500.00. Following the transaction, the director directly owned 184,562 shares of the company’s stock, valued at $5,822,931.10. This trade represents a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 40,931 shares of company stock valued at $1,258,199. Company insiders own 28.40% 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.