Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,722,712 shares of the business services provider's stock after selling 144,074 shares during the period. Vanguard Group Inc. owned approximately 5.59% of Liquidity Services worth $55,626,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Liquidity Services in the fourth quarter valued at approximately $38,000. R Squared Ltd acquired a new stake in shares of Liquidity Services in the fourth quarter valued at $66,000. KLP Kapitalforvaltning AS purchased a new position in Liquidity Services in the fourth quarter valued at $132,000. GAMMA Investing LLC increased its holdings in 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 purchasing an additional 487 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in Liquidity Services in the fourth quarter valued at approximately $200,000. Hedge funds and other institutional investors own 71.15% of the company's stock.

Insider Buying and Selling

In other Liquidity Services news, CFO Jorge Celaya sold 7,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00. Following the completion of the sale, the chief financial officer now owns 27,275 shares in the company, valued at $963,625.75. This trade represents a 21.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction on Monday, March 24th. The stock was sold at an average price of $31.93, for a total transaction of $1,117,550.00. Following the completion of the sale, the director now owns 298,262 shares of the company's stock, valued at approximately $9,523,505.66. This trade represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 133,758 shares of company stock worth $4,371,408 in the last three months. Corporate insiders own 28.40% of the company's stock.

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Liquidity Services Stock Up 2.4 %

NASDAQ:LQDT traded up $0.71 during midday trading on Tuesday, reaching $30.39. The stock had a trading volume of 372,938 shares, compared to its average volume of 200,893. The stock has a market cap of $943.28 million, a P/E ratio of 40.52 and a beta of 1.39. The firm has a fifty day simple moving average of $31.91 and a two-hundred day simple moving average of $29.33. Liquidity Services, Inc. has a 12-month low of $16.79 and a 12-month high of $39.72.

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

Wall Street Analysts Forecast Growth

LQDT has been the topic of a number of recent analyst reports. 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 cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

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.