Wellington Management Group LLP Trims Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Wellington Management Group LLP trimmed its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 32.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 249,853 shares of the business services provider's stock after selling 120,200 shares during the period. Wellington Management Group LLP owned about 0.80% of Liquidity Services worth $8,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LQDT. State Street Corp boosted its holdings in shares of Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider's stock worth $19,433,000 after buying an additional 13,947 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock valued at $11,757,000 after purchasing an additional 2,392 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after acquiring an additional 167,767 shares during the last quarter. Sei Investments Co. lifted its position in Liquidity Services by 8.2% during the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider's stock valued at $7,861,000 after purchasing an additional 18,450 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Liquidity Services by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider's stock worth $6,631,000 after acquiring an additional 3,077 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several research analysts have commented on LQDT shares. Barrington Research reissued an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th. StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

Liquidity Services Stock Up 1.5 %

Shares of LQDT stock traded up $0.46 during trading hours on Wednesday, hitting $30.85. 20,597 shares of the company's stock traded hands, compared to its average volume of 200,795. The stock's fifty day simple moving average is $31.85 and its two-hundred day simple moving average is $29.34. Liquidity Services, Inc. has a 12-month low of $16.79 and a 12-month high of $39.72. The stock has a market cap of $957.58 million, a price-to-earnings ratio of 41.12 and a beta of 1.39.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings results 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 net margin of 6.37% and a return on equity of 20.94%.

Insider Activity

In other news, VP Mark A. Shaffer sold 6,005 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total transaction of $213,717.95. Following the completion of the sale, the vice president now owns 36,083 shares of the company's stock, valued at $1,284,193.97. This represents a 14.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jaime Mateus-Tique sold 931 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $29.43, for a total transaction of $27,399.33. Following the completion of the transaction, the director now directly owns 224,562 shares in the company, valued at approximately $6,608,859.66. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,758 shares of company stock valued at $4,371,408 over the last three months. Insiders own 28.40% of the company's stock.

About Liquidity Services

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.