Pacer Advisors Inc. Decreases Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Pacer Advisors Inc. reduced its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 97.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,811 shares of the business services provider’s stock after selling 560,839 shares during the quarter. Pacer Advisors Inc. owned about 0.05% of Liquidity Services worth $521,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LQDT. Rhumbline Advisers grew its position in Liquidity Services by 0.8% during the 1st quarter. Rhumbline Advisers now owns 63,884 shares of the business services provider’s stock worth $1,981,000 after purchasing an additional 486 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in shares of Liquidity Services by 8.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 7,344 shares of the business services provider’s stock valued at $228,000 after buying an additional 544 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Liquidity Services by 6.4% during the first quarter. SG Americas Securities LLC now owns 10,422 shares of the business services provider’s stock valued at $323,000 after buying an additional 624 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Liquidity Services by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider’s stock valued at $507,000 after acquiring an additional 683 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in Liquidity Services by 1.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 37,332 shares of the business services provider’s stock worth $1,205,000 after acquiring an additional 685 shares during the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Jaime Mateus-Tique sold 10,000 shares of the company’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 of the company’s stock, valued at $5,822,931.10. This represents a 5.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.40% of the company’s stock.

Liquidity Services Stock Performance

Shares of LQDT opened at $23.88 on Friday. The stock has a 50-day moving average of $24.06 and a two-hundred day moving average of $29.01. The stock has a market cap of $745.53 million, a P/E ratio of 30.23 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.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data 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. The firm had revenue of $116.38 million during the quarter, compared to analysts’ expectations of $125.20 million. Liquidity Services had a return on equity of 20.89% and a net margin of 6.31%.

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.