Nkcfo LLC Buys Shares of 26,500 Liquidity Services, Inc. (NASDAQ:LQDT)

Nkcfo LLC acquired a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,500 shares of the business services provider's stock, valued at approximately $856,000. Nkcfo LLC owned approximately 0.09% of Liquidity Services as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LQDT. SG Americas Securities LLC purchased a new position in Liquidity Services in the third quarter valued at $298,000. nVerses Capital LLC acquired a new stake in shares of Liquidity Services during the 3rd quarter worth about $48,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Liquidity Services during the 3rd quarter valued at $1,311,000. Assenagon Asset Management S.A. raised its stake in shares of Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider's stock valued at $5,420,000 after purchasing an additional 11,022 shares during the period. Finally, Rice Hall James & Associates LLC raised its holdings in shares of Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider's stock worth $8,374,000 after purchasing an additional 4,838 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Liquidity Services news, Director Edward Kolodzieski sold 26,000 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.29, for a total transaction of $813,540.00. Following the sale, the director now directly owns 19,229 shares of the company's stock, valued at $601,675.41. This trade represents a 57.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jaime Mateus-Tique sold 50,000 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the transaction, the director now owns 103,660 shares of the company's stock, valued at approximately $3,443,585.20. The trade was a 32.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,388 shares of company stock worth $5,263,991 in the last three months. 28.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LQDT. Craig Hallum boosted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a report on Friday, December 13th. StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Wednesday. Finally, Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research note on Tuesday, February 11th.

Liquidity Services Stock Down 2.1 %

Liquidity Services stock traded down $0.75 during midday trading on Wednesday, hitting $35.58. 415,991 shares of the stock were exchanged, compared to its average volume of 337,922. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 47.44 and a beta of 1.36. The business's 50-day moving average price is $33.94 and its 200-day moving average price is $26.78. Liquidity Services, Inc. has a 52-week low of $16.79 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

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.