Sterling Capital Management LLC Trims Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Sterling Capital Management LLC trimmed its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 46.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,358 shares of the business services provider's stock after selling 42,931 shares during the quarter. Sterling Capital Management LLC owned 0.16% of Liquidity Services worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in LQDT. Access Investment Management LLC lifted its position in shares of Liquidity Services by 0.4% during the fourth quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider's stock valued at $2,675,000 after purchasing an additional 345 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock worth $157,000 after buying an additional 487 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Liquidity Services by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider's stock worth $507,000 after buying an additional 683 shares during the last quarter. Willis Investment Counsel grew its holdings in shares of Liquidity Services by 1.6% in the fourth quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider's stock valued at $1,689,000 after acquiring an additional 800 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in shares of Liquidity Services by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider's stock valued at $1,146,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LQDT. Barrington Research reissued an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th. StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

Insider Buying and Selling

In other news, Director Jaime Mateus-Tique sold 931 shares of Liquidity Services stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $29.43, for a total value of $27,399.33. Following the completion of the transaction, the director now owns 224,562 shares in the company, valued at $6,608,859.66. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jorge Celaya sold 7,500 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $35.33, for a total transaction of $264,975.00. Following the sale, the chief financial officer now owns 27,275 shares in the company, valued at $963,625.75. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,758 shares of company stock valued at $4,668,608. 28.40% of the stock is owned by insiders.

Liquidity Services Price Performance

Shares of Liquidity Services stock traded down $0.01 on Friday, reaching $30.99. 182,082 shares of the company traded hands, compared to its average volume of 203,133. The company has a 50 day moving average of $31.70 and a 200 day moving average of $29.57. Liquidity Services, Inc. has a 52 week low of $17.07 and a 52 week high of $39.72. The firm has a market capitalization of $961.90 million, a PE ratio of 41.32 and a beta of 1.39.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share 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%.

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.