Moody National Bank Trust Division purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 15,000 shares of the business services provider’s stock, valued at approximately $202,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in Liquidity Services by 3.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 131,547 shares of the business services provider’s stock valued at $2,252,000 after acquiring an additional 3,937 shares during the period. Qube Research & Technologies Ltd purchased a new position in Liquidity Services during the 1st quarter valued at about $198,000. Meeder Asset Management Inc. boosted its holdings in Liquidity Services by 153.6% during the 1st quarter. Meeder Asset Management Inc. now owns 2,873 shares of the business services provider’s stock valued at $49,000 after acquiring an additional 1,740 shares during the period. Alpha Paradigm Partners LLC purchased a new position in Liquidity Services during the 4th quarter valued at about $447,000. Finally, WINTON GROUP Ltd boosted its holdings in Liquidity Services by 39.3% during the 1st quarter. WINTON GROUP Ltd now owns 16,058 shares of the business services provider’s stock valued at $275,000 after acquiring an additional 4,527 shares during the period. 66.03% of the stock is currently owned by hedge funds and other institutional investors.
Liquidity Services Stock Performance
Shares of LQDT opened at $15.98 on Wednesday. The stock has a 50-day simple moving average of $18.22 and a 200-day simple moving average of $16.39. The stock has a market capitalization of $568.50 million, a PE ratio of 8.50 and a beta of 1.41. Liquidity Services, Inc. has a 1 year low of $11.39 and a 1 year high of $28.73.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on LQDT shares. TheStreet cut Liquidity Services from a “b-” rating to a “c+” rating in a report on Friday, June 24th. StockNews.com upgraded Liquidity Services from a “hold” rating to a “buy” rating in a research note on Saturday, September 3rd. Finally, Craig Hallum initiated coverage on Liquidity Services in a research note on Monday, June 27th. They issued a “buy” rating and a $28.00 price objective for the company.
Liquidity Services Company Profile
Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company's 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.
- Get a free copy of the StockNews.com research report on Liquidity Services (LQDT)
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