Liquidity Services, Inc. (NASDAQ:LQDT) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,042 shares of the business services provider’s stock after purchasing an additional 4,355 shares during the quarter. Principal Financial Group Inc. owned about 0.36% of Liquidity Services worth $3,505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LQDT. Harvest Fund Management Co. Ltd acquired a new stake in Liquidity Services during the 4th quarter worth about $38,000. Quarry LP acquired a new position in Liquidity Services during the fourth quarter valued at approximately $47,000. Aquatic Capital Management LLC grew its holdings in Liquidity Services by 257.6% during the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 1,288 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Liquidity Services during the fourth quarter valued at approximately $132,000. Finally, Diversified Trust Co bought a new stake in shares of Liquidity Services in the first quarter valued at approximately $205,000. 71.15% of the stock is currently owned by institutional investors.

Liquidity Services Price Performance

Shares of LQDT stock opened at $25.16 on Friday. The stock has a market cap of $785.50 million, a P/E ratio of 31.85 and a beta of 1.14. Liquidity Services, Inc. has a one year low of $19.87 and a one year high of $39.72. The stock has a fifty day moving average price of $24.09 and a 200 day moving average price of $29.58.

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

Insiders Place Their Bets

In other news, Director Jaime Mateus-Tique sold 10,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $31.55, for a total transaction of $315,500.00. Following the sale, the director directly owned 184,562 shares of the company’s stock, valued at approximately $5,822,931.10. This represents a 5.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 30,000 shares of company stock valued at $933,600. 28.40% of the stock is currently owned by corporate insiders.

About Liquidity Services

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.