Moody National Bank Trust Division Invests $202,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Moody National Bank Trust Division purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDTGet 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.

Insider Activity

In other news, CEO William P. Angrick III sold 19,224 shares of Liquidity Services stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $18.00, for a total value of $346,032.00. Following the completion of the transaction, the chief executive officer now owns 5,458,123 shares in the company, valued at approximately $98,246,214. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William P. Angrick III sold 19,224 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $18.00, for a total transaction of $346,032.00. Following the sale, the chief executive officer now owns 5,458,123 shares of the company’s stock, valued at approximately $98,246,214. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Kolodzieski sold 7,915 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $22.40, for a total value of $177,296.00. Following the sale, the director now directly owns 53,396 shares in the company, valued at approximately $1,196,070.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 150,173 shares of company stock worth $2,866,198. 29.33% of the stock is currently owned by company insiders.

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

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

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