Liquidity Services, Inc. (NASDAQ:LQDT) Stock Position Lowered by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC decreased its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 11.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,490 shares of the business services provider's stock after selling 14,097 shares during the period. Essex Investment Management Co. LLC owned about 0.35% of Liquidity Services worth $3,439,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Royce & Associates LP bought a new position in Liquidity Services during the 3rd quarter worth approximately $488,000. Quest Partners LLC bought a new position in Liquidity Services during the third quarter worth $463,000. Intech Investment Management LLC acquired a new position in Liquidity Services in the third quarter worth $518,000. Pacer Advisors Inc. boosted its holdings in Liquidity Services by 9.5% in the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock worth $20,092,000 after purchasing an additional 76,794 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Liquidity Services by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider's stock valued at $4,612,000 after purchasing an additional 6,341 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on LQDT. Craig Hallum lifted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a report on Friday, December 13th. Barrington Research reissued an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a report on Tuesday, February 11th. Finally, StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

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Insider Buying and Selling

In related news, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total transaction of $269,574.48. Following the sale, the insider now directly owns 36,181 shares in the company, valued at $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $34.10, for a total transaction of $564,014.00. Following the completion of the transaction, the chief financial officer now owns 33,608 shares of the company's stock, valued at $1,146,032.80. This represents a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 170,326 shares of company stock valued at $5,710,365 in the last three months. 28.40% of the stock is currently owned by corporate insiders.

Liquidity Services Stock Down 1.4 %

LQDT stock traded down $0.43 during mid-day trading on Thursday, reaching $29.26. The company had a trading volume of 152,139 shares, compared to its average volume of 168,158. Liquidity Services, Inc. has a one year low of $16.79 and a one year high of $39.72. The stock has a market capitalization of $908.20 million, a P/E ratio of 39.01 and a beta of 1.26. The stock's 50-day simple moving average is $33.94 and its two-hundred day simple moving average is $27.88.

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 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%.

Liquidity Services Company 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.