Quest Partners LLC Buys New Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Quest Partners LLC acquired a new stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,291 shares of the business services provider's stock, valued at approximately $463,000. Quest Partners LLC owned 0.07% of Liquidity Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in 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 purchasing an additional 52,997 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Liquidity Services by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider's stock worth $389,000 after purchasing an additional 870 shares in the last quarter. Silvercrest Asset Management Group LLC raised its holdings in Liquidity Services by 8.9% during 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 purchasing an additional 63,571 shares in the last quarter. GAMMA Investing LLC raised its holdings in Liquidity Services by 19.2% during the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider's stock worth $67,000 after purchasing an additional 540 shares in the last quarter. Finally, Access Investment Management LLC raised its holdings in 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 worth $1,645,000 after purchasing an additional 37,010 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company's stock.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, CFO Jorge Celaya sold 3,248 shares of the business's stock in a transaction 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 sale, the chief financial officer now directly owns 51,988 shares in the company, valued at approximately $1,118,261.88. The trade was a 5.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George H. Ellis sold 5,500 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $22.54, for a total transaction of $123,970.00. Following the sale, 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 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 company insiders.

Liquidity Services Trading Up 0.9 %

Shares of Liquidity Services stock traded up $0.22 during trading on Friday, reaching $25.40. The company's stock had a trading volume of 157,262 shares, compared to its average volume of 128,401. The company has a 50-day moving average price of $22.95 and a two-hundred day moving average price of $21.38. The firm has a market cap of $775.51 million, a PE ratio of 40.32 and a beta of 1.39. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $25.79.

Analyst Upgrades and Downgrades

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

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.