84,960 Shares in Liquidity Services, Inc. (NASDAQ:LQDT) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,960 shares of the business services provider's stock, valued at approximately $2,743,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.28% of Liquidity Services at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in Liquidity Services during the fourth quarter worth $66,000. GAMMA Investing LLC lifted its stake in Liquidity Services by 11.2% during the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock worth $157,000 after purchasing an additional 487 shares during the last quarter. Longboard Asset Management LP bought a new position in Liquidity Services during the fourth quarter worth $200,000. Yousif Capital Management LLC bought a new position in Liquidity Services during the fourth quarter worth $204,000. Finally, Arizona State Retirement System bought a new position in Liquidity Services during the fourth quarter worth $214,000. 71.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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Insider Activity at Liquidity Services

In related news, Director Edward Kolodzieski sold 2,000 shares of Liquidity Services stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00. Following the transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steven Weiskircher sold 10,815 shares of Liquidity Services stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.99, for a total value of $367,601.85. Following the transaction, the senior vice president now directly owns 58,401 shares in the company, valued at approximately $1,985,049.99. The trade was a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 72,658 shares of company stock worth $2,508,408 over the last ninety days. 28.40% of the stock is currently owned by corporate insiders.

Liquidity Services Stock Up 2.3 %

LQDT stock traded up $0.70 during mid-day trading on Friday, reaching $31.60. The company had a trading volume of 859,102 shares, compared to its average volume of 172,802. Liquidity Services, Inc. has a one year low of $16.79 and a one year high of $39.72. The stock's 50-day simple moving average is $33.57 and its two-hundred day simple moving average is $28.17. The stock has a market capitalization of $980.83 million, a P/E ratio of 42.13 and a beta of 1.26.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.37% and a return on equity of 20.94%.

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.