Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,374 shares of the business services provider's stock after selling 13,857 shares during the period. Bank of New York Mellon Corp owned about 0.45% of Liquidity Services worth $4,500,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of Liquidity Services during the fourth quarter valued at about $66,000. GAMMA Investing LLC grew its stake in Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock valued at $157,000 after purchasing an additional 487 shares in the last quarter. Longboard Asset Management LP purchased a new stake in Liquidity Services during the 4th quarter worth approximately $200,000. Yousif Capital Management LLC purchased a new stake in Liquidity Services during the 4th quarter worth approximately $204,000. Finally, Linden Thomas Advisory Services LLC acquired a new position in shares of Liquidity Services in the 4th quarter valued at approximately $220,000. Hedge funds and other institutional investors own 71.15% of the company's stock.

Liquidity Services Price Performance

Shares of LQDT stock traded up $0.70 on Friday, hitting $31.60. 224,418 shares of the stock traded hands, compared to its average volume of 172,802. The company's fifty day moving average is $33.57 and its 200 day moving average is $28.17. Liquidity Services, Inc. has a 1-year low of $16.79 and a 1-year high of $39.72. The company has a market capitalization of $980.71 million, a PE ratio of 42.13 and a beta of 1.26.

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Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share 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%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LQDT. Barrington Research reissued an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research report on Wednesday. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Finally, Craig Hallum increased their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, December 13th.

Insiders Place Their Bets

In related news, Director Edward Kolodzieski sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $31.90, for a total value of $63,800.00. Following the sale, the director now owns 17,229 shares of the company's stock, valued at approximately $549,605.10. This trade represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Novelette Murray sold 7,938 shares of the company's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the transaction, the insider now owns 36,181 shares of the company's stock, valued at approximately $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 72,658 shares of company stock valued at $2,508,408 over the last quarter. Insiders own 28.40% of the company's stock.

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.