Eagle Ridge Investment Management Invests $276,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Eagle Ridge Investment Management bought a new stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,545 shares of the business services provider's stock, valued at approximately $276,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LQDT. Pacer Advisors Inc. grew its position in Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock valued at $20,092,000 after buying an additional 76,794 shares during the period. State Street Corp grew its position in Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider's stock valued at $19,433,000 after buying an additional 13,947 shares during the period. Geode Capital Management LLC grew its position in Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock valued at $11,757,000 after buying an additional 2,392 shares during the period. Rice Hall James & Associates LLC boosted its position in Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider's stock worth $8,374,000 after purchasing an additional 4,838 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider's stock worth $5,420,000 after purchasing an additional 11,022 shares during the period. Hedge funds and other institutional investors own 71.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LQDT shares. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Friday. Barrington Research reiterated an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research report on Monday, February 3rd. Finally, Craig Hallum increased their target price 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.

Insider Activity

In related news, Director Edward Kolodzieski sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $32.90, for a total value of $65,800.00. Following the sale, the director now directly owns 15,229 shares of the company's stock, valued at $501,034.10. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John Daunt sold 4,546 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28. Following the completion of the sale, the executive vice president now directly owns 43,309 shares in the company, valued at $1,372,029.12. This represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 101,668 shares of company stock worth $3,331,558. 28.40% of the stock is owned by company insiders.

Liquidity Services Trading Up 2.5 %

Shares of LQDT stock traded up $0.83 during trading hours on Monday, reaching $33.54. The stock had a trading volume of 439,396 shares, compared to its average volume of 292,645. The stock's fifty day simple moving average is $32.32 and its 200 day simple moving average is $26.05. Liquidity Services, Inc. has a 12 month low of $15.51 and a 12 month high of $39.72. The firm has a market capitalization of $1.03 billion, a PE ratio of 44.63 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS 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%.

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.