Dynamic Technology Lab Private Ltd Takes $496,000 Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Dynamic Technology Lab Private Ltd acquired a new stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 21,766 shares of the business services provider's stock, valued at approximately $496,000. Dynamic Technology Lab Private Ltd owned 0.07% of Liquidity Services at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Essex Investment Management Co. LLC purchased a new stake in shares of Liquidity Services in the 3rd quarter valued at about $2,749,000. Pacer Advisors Inc. lifted its holdings in Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock worth $20,092,000 after buying an additional 76,794 shares during the period. Acadian Asset Management LLC lifted its holdings in Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider's stock worth $10,060,000 after buying an additional 68,407 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of Liquidity Services in the 3rd quarter valued at approximately $1,311,000. Finally, Vanguard Group Inc. lifted its stake in shares of Liquidity Services by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider's stock valued at $33,875,000 after purchasing an additional 52,997 shares during the period. Institutional investors own 71.15% of the company's stock.

Liquidity Services Stock Up 0.1 %

Shares of Liquidity Services stock traded up $0.02 on Friday, reaching $25.57. The company's stock had a trading volume of 43,721 shares, compared to its average volume of 116,372. The company has a market capitalization of $780.65 million, a price-to-earnings ratio of 40.59 and a beta of 1.39. The firm's fifty day simple moving average is $23.22 and its two-hundred day simple moving average is $21.59. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $25.85.

Analysts Set New Price Targets

Separately, Barrington Research restated an "outperform" rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Monday, August 26th.

Insiders Place Their Bets

In other Liquidity Services news, CFO Jorge Celaya sold 10,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the sale, the chief financial officer now owns 52,407 shares of the company's stock, valued at approximately $1,154,526.21. The trade was a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John Daunt sold 7,403 shares of the business's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.26, for a total value of $157,387.78. Following the sale, the executive vice president now directly owns 43,309 shares of the company's stock, valued at $920,749.34. This represents a 14.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,105 shares of company stock valued at $1,349,177. Corporate insiders own 29.77% 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.