Assenagon Asset Management S.A. grew its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Free Report) by 19.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 271,885 shares of the business services provider’s stock after acquiring an additional 44,443 shares during the quarter. Assenagon Asset Management S.A. owned about 0.87% of Liquidity Services worth $7,458,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of LQDT. Strs Ohio acquired a new stake in Liquidity Services during the first quarter worth about $592,000. Harbor Capital Advisors Inc. raised its position in shares of Liquidity Services by 337,736.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 195,945 shares of the business services provider’s stock valued at $4,622,000 after buying an additional 195,887 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Liquidity Services by 44.6% during the 1st quarter. Voya Investment Management LLC now owns 37,371 shares of the business services provider’s stock worth $1,159,000 after acquiring an additional 11,525 shares during the period. Acadian Asset Management LLC boosted its position in shares of Liquidity Services by 39.6% during the 1st quarter. Acadian Asset Management LLC now owns 908,562 shares of the business services provider’s stock worth $28,157,000 after acquiring an additional 257,948 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Liquidity Services by 146,183.3% during the 1st quarter. Russell Investments Group Ltd. now owns 61,439 shares of the business services provider’s stock worth $1,928,000 after acquiring an additional 61,397 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.
Liquidity Services Stock Performance
Shares of LQDT opened at $31.54 on Monday. Liquidity Services, Inc. has a 52 week low of $21.67 and a 52 week high of $39.72. The stock has a market capitalization of $966.39 million, a price-to-earnings ratio of 36.25 and a beta of 1.13. The stock has a fifty day moving average of $26.52 and a 200-day moving average of $25.75.
Insider Activity
In other Liquidity Services news, Director Katharin S. Dyer sold 8,196 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $31.62, for a total transaction of $259,157.52. Following the sale, the director directly owned 36,395 shares of the company’s stock, valued at $1,150,809.90. The trade was a 18.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jorge Celaya sold 2,451 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $30.01, for a total transaction of $73,554.51. Following the completion of the transaction, the chief financial officer owned 34,308 shares of the company’s stock, valued at approximately $1,029,583.08. This trade represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 25,761 shares of company stock worth $789,759. Company insiders own 28.40% of the company’s stock.
Wall Street Analysts Forecast Growth
LQDT has been the subject of several research analyst reports. Barrington Research restated an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Liquidity Services in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Liquidity Services to a “hold” rating in a research report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $40.00.
Get Our Latest Analysis on LQDT
About Liquidity Services
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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