Intech Investment Management LLC Invests $518,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Intech Investment Management LLC purchased a new position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,700 shares of the business services provider's stock, valued at approximately $518,000. Intech Investment Management LLC owned about 0.07% of Liquidity Services as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LQDT. Vanguard Group Inc. grew its position in 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 acquiring an additional 52,997 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Liquidity Services by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider's stock worth $389,000 after purchasing an additional 870 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Liquidity Services by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider's stock valued at $67,000 after purchasing an additional 540 shares in the last quarter. Access Investment Management LLC grew its holdings in shares of Liquidity Services by 81.7% in the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider's stock valued at $1,645,000 after purchasing an additional 37,010 shares during the period. Finally, Panagora Asset Management Inc. raised its stake in shares of Liquidity Services by 14.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider's stock valued at $2,446,000 after acquiring an additional 15,592 shares during the period. Hedge funds and other institutional investors own 71.15% of the company's stock.

Liquidity Services Stock Performance

LQDT traded up $0.30 during trading on Monday, hitting $25.87. The stock had a trading volume of 159,571 shares, compared to its average volume of 116,558. The company has a market capitalization of $789.86 million, a PE ratio of 40.59 and a beta of 1.39. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $25.92. The stock has a 50 day simple moving average of $23.22 and a two-hundred day simple moving average of $21.62.

Insider Activity at Liquidity Services

In other Liquidity Services news, CFO Jorge Celaya sold 3,248 shares of the firm's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $21.51, for a total transaction of $69,864.48. Following the completion of the sale, the chief financial officer now owns 51,988 shares of the company's stock, valued at $1,118,261.88. This trade represents a 5.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Daunt sold 7,403 shares of the business's stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $21.26, for a total transaction of $157,387.78. Following the completion of the transaction, the executive vice president now owns 43,309 shares in the company, valued at $920,749.34. This trade represents a 14.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,105 shares of company stock valued at $1,349,177. Company insiders own 29.77% of the company's stock.

Wall Street Analyst Weigh In

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

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.