Assenagon Asset Management S.A. Sells 42,281 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Assenagon Asset Management S.A. lessened its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 17.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 195,444 shares of the business services provider's stock after selling 42,281 shares during the period. Assenagon Asset Management S.A. owned about 0.64% of Liquidity Services worth $6,311,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Liquidity Services in the third quarter worth $48,000. GAMMA Investing LLC lifted its stake in Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider's stock worth $99,000 after acquiring an additional 1,005 shares in the last quarter. Centiva Capital LP acquired a new stake in Liquidity Services during the 3rd quarter worth about $260,000. SG Americas Securities LLC purchased a new position in Liquidity Services during the 3rd quarter valued at about $298,000. Finally, Franklin Resources Inc. increased its holdings in shares of Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock valued at $339,000 after purchasing an additional 1,019 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.

Liquidity Services Stock Performance

Shares of Liquidity Services stock traded up $0.11 during trading on Monday, hitting $34.56. 192,311 shares of the stock traded hands, compared to its average volume of 349,144. The stock has a market cap of $1.06 billion, a P/E ratio of 54.86 and a beta of 1.37. The company has a fifty day moving average price of $29.41 and a two-hundred day moving average price of $24.50. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $36.11.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Craig Hallum raised their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Barrington Research reiterated an "outperform" rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, December 21st.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director Edward Kolodzieski sold 2,000 shares of the business's 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. The trade was a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Daunt sold 4,546 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total value of $144,017.28. Following the sale, the executive vice president now directly owns 43,309 shares of the company's stock, valued at $1,372,029.12. The trade was a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,668 shares of company stock worth $3,331,558 over the last ninety days. 29.77% of the stock is currently owned by insiders.

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.