Teacher Retirement System of Texas Lowers Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Teacher Retirement System of Texas lowered its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 5.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 17,967 shares of the business services provider’s stock after selling 1,021 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Liquidity Services worth $557,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LQDT. Charles Schwab Investment Management Inc. boosted its position in shares of Liquidity Services by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider’s stock worth $6,631,000 after purchasing an additional 3,077 shares during the period. Royce & Associates LP boosted its position in shares of Liquidity Services by 561.2% during the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after purchasing an additional 120,226 shares during the period. Maryland State Retirement & Pension System purchased a new position in shares of Liquidity Services during the 4th quarter worth approximately $242,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Liquidity Services during the 4th quarter worth approximately $38,000. Finally, Magnetar Financial LLC purchased a new position in shares of Liquidity Services during the 4th quarter worth approximately $349,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Insider Buying and Selling at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 10,000 shares of the firm’s stock in a transaction 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 sale, the director directly owned 184,562 shares in the company, valued at approximately $5,822,931.10. This trade represents a 5.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 30,000 shares of company stock valued at $933,600. 28.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Liquidity Services Stock Up 0.5%

Liquidity Services stock opened at $24.46 on Thursday. The firm has a market cap of $763.67 million, a PE ratio of 30.96 and a beta of 1.14. Liquidity Services, Inc. has a 52-week low of $19.87 and a 52-week high of $39.72. The company’s 50 day moving average is $24.16 and its two-hundred day moving average is $29.63.

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

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.