Victory Capital Management Inc. Sells 16,885 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Victory Capital Management Inc. cut its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 29.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,029 shares of the business services provider's stock after selling 16,885 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Liquidity Services worth $1,293,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LQDT. Barclays PLC lifted its position in Liquidity Services by 307.3% during the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock worth $899,000 after acquiring an additional 29,746 shares during the last quarter. Royce & Associates LP acquired a new position in Liquidity Services during the 3rd quarter worth $488,000. JPMorgan Chase & Co. lifted its position in Liquidity Services by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after acquiring an additional 30,360 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Liquidity Services by 107.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider's stock worth $3,856,000 after acquiring an additional 61,918 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Liquidity Services during the 3rd quarter worth $518,000. 71.15% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $31.90, for a total value of $63,800.00. Following the completion of the transaction, the director now owns 17,229 shares of the company's stock, valued at $549,605.10. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Novelette Murray sold 7,938 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total transaction of $269,574.48. Following the completion of the transaction, the insider now directly owns 36,181 shares of the company's stock, valued at $1,228,706.76. This trade represents a 17.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,658 shares of company stock valued at $2,508,408 over the last quarter. Corporate insiders own 28.40% of the company's stock.

Liquidity Services Stock Performance

Shares of LQDT traded up $0.70 during trading hours on Friday, reaching $31.60. 859,102 shares of the company traded hands, compared to its average volume of 173,182. The stock's fifty day moving average is $33.54 and its 200 day moving average is $28.29. The stock has a market cap of $980.83 million, a P/E ratio of 42.13 and a beta of 1.26. Liquidity Services, Inc. has a 1-year low of $16.79 and a 1-year high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating analysts' consensus estimates 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 Analyst Weigh In

A number of research analysts have weighed in on the stock. Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Barrington Research reissued an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research report on Wednesday. Finally, StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

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.