Allspring Global Investments Holdings LLC Purchases Shares of 57,514 Liquidity Services, Inc. (NASDAQ:LQDT)

Allspring Global Investments Holdings LLC acquired a new position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 57,514 shares of the business services provider's stock, valued at approximately $1,311,000. Allspring Global Investments Holdings LLC owned approximately 0.19% of Liquidity Services at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LQDT. Essex Investment Management Co. LLC bought a new stake in Liquidity Services in the third quarter worth $2,749,000. Acadian Asset Management LLC increased its stake in Liquidity Services by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider's stock valued at $10,060,000 after purchasing an additional 68,407 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Liquidity Services by 8.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider's stock worth $14,470,000 after buying an additional 63,571 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Liquidity Services by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider's stock worth $33,875,000 after buying an additional 52,997 shares in the last quarter. Finally, Access Investment Management LLC grew its holdings in shares of Liquidity Services by 81.7% during the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider's stock valued at $1,645,000 after buying an additional 37,010 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Liquidity Services news, CFO Jorge Celaya sold 10,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the sale, the chief financial officer now directly owns 52,407 shares in the company, valued at $1,154,526.21. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Jorge Celaya sold 10,000 shares of the company's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $22.03, for a total value of $220,300.00. Following the completion of the sale, the chief financial officer now directly owns 52,407 shares in the company, valued at $1,154,526.21. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George H. Ellis sold 5,500 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.54, for a total value of $123,970.00. Following the sale, the director now directly owns 13,902 shares of the company's stock, valued at $313,351.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 157,345 shares of company stock valued at $3,462,918 in the last ninety days. 29.77% of the stock is currently owned by company insiders.

Liquidity Services Price Performance

NASDAQ LQDT traded down $0.04 during trading hours on Thursday, hitting $21.58. The company's stock had a trading volume of 58,369 shares, compared to its average volume of 115,401. The company has a market cap of $658.88 million, a P/E ratio of 34.25 and a beta of 1.38. The company's 50 day simple moving average is $22.14 and its two-hundred day simple moving average is $20.58. 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 released its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. Liquidity Services had a net margin of 5.91% and a return on equity of 18.47%. The firm had revenue of $93.61 million during the quarter. During the same period in the previous year, the firm earned $0.28 earnings per share.

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.