Pacer Advisors Inc. Purchases 76,794 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Pacer Advisors Inc. increased its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 9.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 881,234 shares of the business services provider's stock after purchasing an additional 76,794 shares during the period. Pacer Advisors Inc. owned 2.89% of Liquidity Services worth $20,092,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Liquidity Services by 3.0% during the 1st 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 during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services during the third quarter worth approximately $1,311,000. Royce & Associates LP acquired a new stake in Liquidity Services during the third quarter worth approximately $488,000. Acadian Asset Management LLC boosted its holdings in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider's stock worth $10,060,000 after acquiring an additional 68,407 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Liquidity Services by 12.2% in the second quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider's stock valued at $741,000 after purchasing an additional 4,037 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

Liquidity Services Stock Performance

Shares of LQDT stock traded up $0.22 during trading on Friday, hitting $25.40. The company had a trading volume of 157,262 shares, compared to its average volume of 128,401. The stock's 50-day moving average price is $22.95 and its 200 day moving average price is $21.35. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $25.79. The firm has a market capitalization of $775.46 million, a P/E ratio of 40.32 and a beta of 1.39.

Insider Transactions at Liquidity Services

In other Liquidity Services news, Director George H. Ellis sold 5,500 shares of Liquidity Services stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.54, for a total value of $123,970.00. Following the transaction, the director now owns 13,902 shares in the company, valued at $313,351.08. The trade was a 28.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jorge Celaya sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were 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 owns 52,407 shares in the company, valued at approximately $1,154,526.21. The trade was a 16.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 88,678 shares of company stock valued at $1,940,546. 29.77% of the stock is owned by corporate insiders.

Liquidity Services Company 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.