Exchange Traded Concepts LLC Sells 51,882 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Exchange Traded Concepts LLC trimmed its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 60.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,593 shares of the business services provider's stock after selling 51,882 shares during the period. Exchange Traded Concepts LLC owned about 0.11% of Liquidity Services worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider's stock worth $99,000 after purchasing an additional 1,005 shares during the period. SG Americas Securities LLC acquired a new position in shares of Liquidity Services during the third quarter worth about $298,000. Public Sector Pension Investment Board grew its holdings in shares of Liquidity Services by 5.2% during the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider's stock worth $978,000 after buying an additional 2,430 shares in the last quarter. Sei Investments Co. raised its position in Liquidity Services by 9.2% in the 2nd quarter. Sei Investments Co. now owns 198,886 shares of the business services provider's stock valued at $3,974,000 after buying an additional 16,736 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Liquidity Services by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider's stock valued at $741,000 after buying an additional 4,037 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Liquidity Services Price Performance

LQDT stock traded down $0.67 during midday trading on Friday, hitting $22.14. The company's stock had a trading volume of 111,909 shares, compared to its average volume of 116,606. The company's fifty day moving average price is $22.23 and its 200 day moving average price is $20.37. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $23.66. The stock has a market capitalization of $674.87 million, a P/E ratio of 34.06 and a beta of 1.38.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share (EPS) 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 business had revenue of $93.61 million for the quarter. During the same period in the prior year, the firm posted $0.28 EPS.

Insider Transactions at Liquidity Services

In related news, CFO Jorge Celaya sold 3,248 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $21.51, for a total value of $69,864.48. Following the completion of the transaction, the chief financial officer now directly owns 51,988 shares of the company's stock, valued at approximately $1,118,261.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jorge Celaya sold 3,248 shares of Liquidity Services stock in a transaction dated 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 transaction, the chief financial officer now owns 51,988 shares in the company, valued at approximately $1,118,261.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Steven Weiskircher sold 20,045 shares of the company's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $21.80, for a total value of $436,981.00. Following the completion of the sale, the senior vice president now owns 80,097 shares in the company, valued at $1,746,114.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,345 shares of company stock worth $3,462,918 in the last 90 days. Corporate insiders own 29.77% of the company's stock.

Analyst Upgrades and Downgrades

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

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.