Royce & Associates LP Acquires 120,226 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Royce & Associates LP lifted its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 561.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,649 shares of the business services provider's stock after purchasing an additional 120,226 shares during the period. Royce & Associates LP owned 0.46% of Liquidity Services worth $4,574,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Access Investment Management LLC boosted its position in shares of Liquidity Services by 0.4% in the 4th quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider's stock worth $2,675,000 after purchasing an additional 345 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Liquidity Services by 11.2% in the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock worth $157,000 after purchasing an additional 487 shares during the last quarter. Willis Investment Counsel boosted its position in shares of Liquidity Services by 1.6% in the 4th quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider's stock worth $1,689,000 after purchasing an additional 800 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Liquidity Services by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider's stock worth $1,146,000 after purchasing an additional 900 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock worth $339,000 after purchasing an additional 1,019 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors.

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Liquidity Services Stock Up 2.3 %

Liquidity Services stock traded up $0.70 during mid-day trading on Friday, hitting $31.60. 859,102 shares of the company's stock were exchanged, compared to its average volume of 173,182. The firm has a market capitalization of $980.83 million, a P/E ratio of 42.13 and a beta of 1.26. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The company's 50 day simple moving average is $33.54 and its 200-day simple moving average is $28.29.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Craig Hallum raised their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a research note on Wednesday.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, SVP Steven Weiskircher sold 10,815 shares of Liquidity Services stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.99, for a total value of $367,601.85. Following the sale, the senior vice president now owns 58,401 shares of the company's stock, valued at $1,985,049.99. This trade represents a 15.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Beatriz V. Infante sold 5,000 shares of Liquidity Services stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $35.36, for a total value of $176,800.00. Following the completion of the sale, the director now directly owns 82,990 shares in the company, valued at $2,934,526.40. This represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,658 shares of company stock valued at $2,508,408 in the last 90 days. 28.40% of the stock is currently owned by company insiders.

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.