Invesco Ltd. Sells 22,716 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Invesco Ltd. trimmed its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,188 shares of the business services provider's stock after selling 22,716 shares during the quarter. Invesco Ltd. owned about 0.38% of Liquidity Services worth $3,816,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LQDT. Harvest Fund Management Co. Ltd purchased a new stake in Liquidity Services during the fourth quarter valued at approximately $38,000. R Squared Ltd acquired a new position in shares of Liquidity Services during the fourth quarter worth $66,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Liquidity Services during the 4th quarter valued at $132,000. GAMMA Investing LLC boosted its position in shares of Liquidity Services by 11.2% in 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 in the last quarter. Finally, Longboard Asset Management LP purchased a new position in Liquidity Services during the 4th quarter worth $200,000. 71.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LQDT. Barrington Research reissued an "outperform" rating and issued a $40.00 price target on shares of Liquidity Services in a report on Wednesday, March 19th. StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

Insider Buying and Selling

In other news, Director Jaime Mateus-Tique sold 29,169 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.06, for a total transaction of $847,651.14. Following the sale, the director now owns 230,393 shares of the company's stock, valued at $6,695,220.58. This trade represents a 11.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Beatriz V. Infante sold 5,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $35.36, for a total transaction of $176,800.00. Following the completion of the transaction, the director now owns 82,990 shares of the company's stock, valued at approximately $2,934,526.40. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 153,758 shares of company stock valued at $4,971,108 over the last 90 days. Insiders own 28.40% of the company's stock.

Liquidity Services Stock Performance

Shares of LQDT opened at $31.72 on Monday. The stock has a 50-day moving average of $31.19 and a two-hundred day moving average of $29.89. The stock has a market cap of $984.56 million, a P/E ratio of 42.29 and a beta of 1.39. Liquidity Services, Inc. has a one year low of $17.07 and a one year high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its earnings results 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 return on equity of 20.94% and a net margin of 6.37%.

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.

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