Exchange Traded Concepts LLC bought a new stake in Liquidity Services, Inc. (NASDAQ:LQDT – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 30,157 shares of the business services provider’s stock, valued at approximately $827,000. Exchange Traded Concepts LLC owned 0.10% of Liquidity Services at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in Liquidity Services by 19.5% during the third quarter. Assenagon Asset Management S.A. now owns 271,885 shares of the business services provider’s stock worth $7,458,000 after acquiring an additional 44,443 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Liquidity Services by 115.1% in the second quarter. Texas Permanent School Fund Corp now owns 73,857 shares of the business services provider’s stock valued at $1,742,000 after acquiring an additional 39,527 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Liquidity Services by 213.3% in the 2nd quarter. Squarepoint Ops LLC now owns 126,976 shares of the business services provider’s stock valued at $2,995,000 after purchasing an additional 86,447 shares during the last quarter. Public Sector Pension Investment Board lifted its position in Liquidity Services by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 77,363 shares of the business services provider’s stock valued at $1,825,000 after buying an additional 5,304 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Liquidity Services by 451.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock worth $64,000 after acquiring an additional 2,210 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.
Liquidity Services Price Performance
NASDAQ:LQDT opened at $31.15 on Monday. The firm has a market cap of $954.44 million, a price-to-earnings ratio of 35.80 and a beta of 1.13. The firm’s fifty day moving average price is $27.24 and its 200 day moving average price is $25.97. Liquidity Services, Inc. has a 1-year low of $21.67 and a 1-year high of $39.72.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on LQDT shares. Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a research note on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liquidity Services in a research report on Wednesday, October 8th. Finally, Zacks Research raised Liquidity Services to a “hold” rating in a report on Wednesday, November 26th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.
Check Out Our Latest Research Report on Liquidity Services
Insiders Place Their Bets
In other news, Director Katharin S. Dyer sold 8,196 shares of the company’s stock in a transaction 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 transaction, the director directly owned 36,395 shares of the company’s stock, valued at $1,150,809.90. This represents a 18.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jorge Celaya sold 15,114 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $30.24, for a total transaction of $457,047.36. Following the transaction, the chief financial officer owned 32,816 shares in the company, valued at $992,355.84. The trade was a 31.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 25,761 shares of company stock worth $789,759. Corporate insiders own 28.40% of the company’s stock.
Liquidity Services Company Profile
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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