AlphaQuest LLC Sells 19,154 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

AlphaQuest LLC reduced its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 94.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,137 shares of the business services provider's stock after selling 19,154 shares during the period. AlphaQuest LLC's holdings in Liquidity Services were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LQDT. Royce & Associates LP bought a new position in shares of Liquidity Services in the third quarter valued at approximately $488,000. Quest Partners LLC bought a new position in Liquidity Services in the 3rd quarter valued at $463,000. Intech Investment Management LLC acquired a new position in Liquidity Services in the third quarter worth $518,000. Pacer Advisors Inc. grew its holdings in shares of Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock worth $20,092,000 after purchasing an additional 76,794 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Liquidity Services by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider's stock valued at $4,612,000 after buying an additional 6,341 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Liquidity Services Trading Up 3.6 %

Shares of LQDT traded up $1.13 on Monday, reaching $32.73. 371,506 shares of the company's stock were exchanged, compared to its average volume of 173,975. The business has a 50 day moving average price of $33.54 and a two-hundred day moving average price of $28.34. Liquidity Services, Inc. has a 12 month low of $16.79 and a 12 month high of $39.72. The stock has a market capitalization of $1.02 billion, a P/E ratio of 43.64 and a beta of 1.26.

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

Insiders Place Their Bets

In other Liquidity Services news, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total transaction of $269,574.48. Following the transaction, the insider now directly owns 36,181 shares in the company, valued at approximately $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total value of $65,800.00. Following the completion of the sale, the director now owns 15,229 shares of the company's stock, valued at $501,034.10. This trade represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,658 shares of company stock worth $2,444,608. Insiders own 28.40% of the company's stock.

Analysts Set New Price Targets

LQDT has been the subject of a number of research analyst reports. Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Barrington Research reiterated an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th. Finally, StockNews.com downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

Liquidity Services Company 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.