Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 0.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 138,612 shares of the business services provider’s stock after selling 762 shares during the quarter. Bank of New York Mellon Corp owned about 0.45% of Liquidity Services worth $4,298,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LQDT. Teacher Retirement System of Texas acquired a new stake in shares of Liquidity Services during the fourth quarter worth $613,000. Quantbot Technologies LP purchased a new position in shares of Liquidity Services in the 4th quarter worth $272,000. American Century Companies Inc. raised its position in shares of Liquidity Services by 10.4% in the 4th quarter. American Century Companies Inc. now owns 48,324 shares of the business services provider’s stock worth $1,560,000 after buying an additional 4,556 shares during the period. Sei Investments Co. raised its position in shares of Liquidity Services by 8.2% in the 4th quarter. Sei Investments Co. now owns 243,453 shares of the business services provider’s stock worth $7,861,000 after buying an additional 18,450 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Liquidity Services in the 4th quarter worth $132,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Buying and Selling

In other news, Director Jaime Mateus-Tique sold 10,000 shares of Liquidity Services stock in a transaction that occurred 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 owned 184,562 shares of the company’s stock, valued at approximately $5,822,931.10. The trade was a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 28.40% of the stock is currently owned by insiders.

Liquidity Services Trading Down 1.1%

Shares of LQDT opened at $24.84 on Friday. The firm has a market capitalization of $775.50 million, a P/E ratio of 31.44 and a beta of 1.14. The stock’s fifty day simple moving average is $24.12 and its 200 day simple moving average is $29.27. Liquidity Services, Inc. has a twelve month low of $19.87 and a twelve month high of $39.72.

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 the consensus estimate of $0.31. The company had revenue of $116.38 million during the quarter, compared to the consensus estimate of $125.20 million. Liquidity Services had a return on equity of 20.89% and a net margin of 6.31%.

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.