10,221 Shares in Liquidity Services, Inc. (NASDAQ:LQDT) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,221 shares of the business services provider's stock, valued at approximately $330,000.

A number of other hedge funds have also recently modified their holdings of LQDT. R Squared Ltd acquired a new stake in Liquidity Services during the fourth quarter worth $66,000. GAMMA Investing LLC increased its position in shares of Liquidity Services by 11.2% during the 4th 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 acquired a new stake in shares of Liquidity Services during the 4th quarter worth about $200,000. Yousif Capital Management LLC purchased a new stake in Liquidity Services in the 4th quarter valued at about $204,000. Finally, Arizona State Retirement System purchased a new position in Liquidity Services during the fourth quarter worth about $214,000. Hedge funds and other institutional investors own 71.15% of the company's stock.

Insider Buying and Selling

In other news, VP Mark A. Shaffer sold 6,005 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total transaction of $213,717.95. Following the completion of the transaction, the vice president now directly owns 36,083 shares of the company's stock, valued at approximately $1,284,193.97. The trade was a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the completion of the sale, the director now directly owns 17,229 shares in the company, valued at approximately $549,605.10. This trade represents a 10.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,658 shares of company stock valued at $2,508,408 in the last three months. 28.40% of the stock is owned by corporate insiders.

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Liquidity Services Price Performance

Shares of NASDAQ LQDT traded up $0.70 during midday trading on Friday, hitting $31.60. The company's stock had a trading volume of 859,102 shares, compared to its average volume of 172,802. The firm has a market capitalization of $980.83 million, a price-to-earnings ratio of 42.13 and a beta of 1.26. The business's fifty day simple moving average is $33.57 and its two-hundred day simple moving average is $28.17. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate 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 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 research note on Friday, December 13th. StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Wednesday.

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.