Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 23.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,874 shares of the business services provider's stock after selling 9,496 shares during the quarter. Legato Capital Management LLC owned approximately 0.10% of Liquidity Services worth $1,029,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings 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 acquiring an additional 76,794 shares during the period. State Street Corp grew its position in Liquidity Services by 1.7% in the third quarter. State Street Corp now owns 852,306 shares of the business services provider's stock worth $19,433,000 after acquiring an additional 13,947 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 increased its stake in Liquidity Services by 1.3% in 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. increased its stake in Liquidity Services by 4.9% in 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. 71.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Liquidity Services news, VP Mark A. Shaffer sold 6,005 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total transaction of $213,717.95. Following the transaction, the vice president now owns 36,083 shares of the company's stock, valued at approximately $1,284,193.97. The trade was a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Steven Weiskircher sold 10,815 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.99, for a total value of $367,601.85. Following the transaction, the senior vice president now directly owns 58,401 shares in the company, valued at $1,985,049.99. This trade represents a 15.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,388 shares of company stock valued at $5,263,991. Insiders own 28.40% of the company's stock.

Liquidity Services Price Performance

LQDT stock traded up $0.77 during trading on Friday, hitting $36.48. 332,765 shares of the company traded hands, compared to its average volume of 281,738. Liquidity Services, Inc. has a 1 year low of $16.58 and a 1 year high of $39.72. The stock's 50-day simple moving average is $33.29 and its 200 day simple moving average is $26.48. The company has a market cap of $1.12 billion, a PE ratio of 48.64 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LQDT shares. Craig Hallum increased their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 7th. Finally, Barrington Research restated an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday, February 11th.

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.