Penserra Capital Management LLC Has $4.40 Million Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Penserra Capital Management LLC trimmed its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 18.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,157 shares of the business services provider's stock after selling 44,568 shares during the period. Penserra Capital Management LLC owned about 0.63% of Liquidity Services worth $4,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Liquidity Services by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider's stock worth $33,875,000 after acquiring an additional 52,997 shares during the period. Pacer Advisors Inc. increased its stake in Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock valued at $20,092,000 after buying an additional 76,794 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in Liquidity Services by 8.9% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider's stock valued at $14,470,000 after buying an additional 63,571 shares during the last quarter. Acadian Asset Management LLC increased its stake in Liquidity Services by 15.7% in 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 buying an additional 68,407 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its stake in Liquidity Services by 1.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider's stock valued at $8,374,000 after buying an additional 4,838 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, EVP John Daunt sold 21,073 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $22.18, for a total value of $467,399.14. Following the completion of the transaction, the executive vice president now directly owns 58,854 shares in the company, valued at approximately $1,305,381.72. The trade was a 26.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jorge Celaya sold 3,248 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were 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 of the company's stock, valued at $1,118,261.88. The trade was a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,178 shares of company stock valued at $1,816,576. Company insiders own 29.77% of the company's stock.

Liquidity Services Trading Up 0.4 %

Shares of Liquidity Services stock traded up $0.11 during trading on Monday, hitting $25.51. 123,169 shares of the stock were exchanged, compared to its average volume of 116,975. The stock has a market capitalization of $778.82 million, a price-to-earnings ratio of 40.49 and a beta of 1.39. The company has a fifty day moving average price of $23.01 and a 200-day moving average price of $21.44. Liquidity Services, Inc. has a 1-year low of $13.99 and a 1-year high of $25.85.

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.