Essex Investment Management Co. LLC Purchases New Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Essex Investment Management Co. LLC purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 120,587 shares of the business services provider's stock, valued at approximately $2,749,000. Essex Investment Management Co. LLC owned 0.40% of Liquidity Services as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LQDT. GAMMA Investing LLC lifted its stake in shares of Liquidity Services by 19.2% in the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider's stock worth $67,000 after buying an additional 540 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Liquidity Services during the 2nd quarter worth approximately $87,000. Jupiter Asset Management Ltd. purchased a new stake in Liquidity Services in the 1st quarter valued at $202,000. SG Americas Securities LLC bought a new position in shares of Liquidity Services during the 3rd quarter worth $298,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Liquidity Services by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider's stock valued at $389,000 after acquiring an additional 870 shares during the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Edward Kolodzieski sold 12,155 shares of Liquidity Services stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $22.39, for a total value of $272,150.45. Following the completion of the transaction, the director now owns 53,074 shares in the company, valued at approximately $1,188,326.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jorge Celaya sold 10,000 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $22.03, for a total transaction of $220,300.00. Following the sale, the chief financial officer now owns 52,407 shares of the company's stock, valued at approximately $1,154,526.21. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Edward Kolodzieski sold 12,155 shares of Liquidity Services stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $22.39, for a total value of $272,150.45. Following the completion of the sale, the director now directly owns 53,074 shares in the company, valued at $1,188,326.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,345 shares of company stock valued at $3,462,918. Insiders own 29.77% of the company's stock.

Liquidity Services Trading Up 2.9 %

Shares of LQDT traded up $0.63 during trading hours on Friday, reaching $22.50. 53,394 shares of the company traded hands, compared to its average volume of 117,819. The firm has a market cap of $686.93 million, a price-to-earnings ratio of 35.71 and a beta of 1.38. The stock's fifty day moving average price is $22.05 and its 200 day moving average price is $20.25. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $23.66.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The company had revenue of $93.61 million for the quarter. During the same quarter in the previous year, the business posted $0.28 EPS.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and set a $27.00 price target on shares of Liquidity Services in a report on Monday, August 26th.

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.