Rice Hall James & Associates LLC Has $10.79 Million Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Rice Hall James & Associates LLC cut its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 334,255 shares of the business services provider's stock after selling 33,047 shares during the period. Rice Hall James & Associates LLC owned approximately 1.08% of Liquidity Services worth $10,793,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP bought a new stake in Liquidity Services during the third quarter worth about $488,000. Barclays PLC lifted its position in Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock worth $899,000 after purchasing an additional 29,746 shares during the period. JPMorgan Chase & Co. lifted its position in Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after purchasing an additional 30,360 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Liquidity Services during the third quarter worth about $1,311,000. Finally, Intech Investment Management LLC bought a new stake in Liquidity Services during the third quarter worth about $518,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LQDT shares. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Tuesday, February 11th. StockNews.com cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Wednesday. 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 report on Friday, December 13th.

Insider Activity at Liquidity Services

In related news, Director Beatriz V. Infante sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $35.36, for a total value of $176,800.00. Following the completion of the transaction, the director now owns 82,990 shares in the company, valued at $2,934,526.40. This trade represents a 5.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jorge Celaya sold 16,540 shares of the firm's stock in a transaction that occurred on 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 approximately $1,146,032.80. This trade represents a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 162,388 shares of company stock worth $5,440,791 in the last quarter. 28.40% of the stock is owned by insiders.

Liquidity Services Stock Down 3.5 %

Shares of LQDT stock traded down $1.23 on Friday, reaching $34.31. The company had a trading volume of 385,548 shares, compared to its average volume of 338,763. The stock has a market capitalization of $1.06 billion, a PE ratio of 45.75 and a beta of 1.36. Liquidity Services, Inc. has a one year low of $16.79 and a one year high of $39.72. The business's 50-day moving average is $33.96 and its 200 day moving average is $26.94.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping 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.