Liquidity Services, Inc. (NASDAQ:LQDT) Stock Position Reduced by Aviva PLC

Aviva PLC cut its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) by 56.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 41,573 shares of the business services provider’s stock after selling 54,096 shares during the period. Aviva PLC’s holdings in Liquidity Services were worth $585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its position in Liquidity Services by 6.2% in the fourth quarter. New York State Common Retirement Fund now owns 119,911 shares of the business services provider’s stock worth $1,686,000 after acquiring an additional 6,993 shares in the last quarter. Group One Trading L.P. bought a new stake in Liquidity Services in the third quarter worth approximately $60,000. Raymond James & Associates bought a new stake in Liquidity Services in the third quarter worth approximately $479,000. Hennion & Walsh Asset Management Inc. bought a new stake in Liquidity Services in the third quarter worth approximately $380,000. Finally, Rice Hall James & Associates LLC grew its position in Liquidity Services by 95.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 203,098 shares of the business services provider’s stock worth $2,856,000 after acquiring an additional 99,066 shares in the last quarter. 65.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director George H. Ellis sold 8,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $15.54, for a total transaction of $132,090.00. Following the completion of the transaction, the director now directly owns 18,775 shares in the company, valued at approximately $291,763.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director George H. Ellis sold 8,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $15.54, for a total transaction of $132,090.00. Following the completion of the transaction, the director now directly owns 18,775 shares in the company, valued at approximately $291,763.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jorge Celaya sold 4,719 shares of the company’s stock in a transaction on Monday, May 8th. The shares were sold at an average price of $14.14, for a total transaction of $66,726.66. Following the transaction, the chief financial officer now owns 44,415 shares of the company’s stock, valued at $628,028.10. The disclosure for this sale can be found here. 30.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barrington Research reissued an “outperform” rating and issued a $20.00 target price on shares of Liquidity Services in a research report on Tuesday, February 7th. StockNews.com started coverage on shares of Liquidity Services in a report on Thursday. They set a “strong-buy” rating for the company.

Liquidity Services Trading Up 0.8 %

NASDAQ LQDT opened at $15.55 on Monday. The company has a fifty day simple moving average of $13.45 and a 200 day simple moving average of $14.17. The company has a market cap of $477.07 million, a P/E ratio of 15.55 and a beta of 1.53. Liquidity Services, Inc. has a 1 year low of $11.97 and a 1 year high of $22.59.

Liquidity Services Profile

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Liquidity Services, Inc engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. The GovDeals segment provides self-directed service solutions that enable local and state government entities including city, county, and state agencies to sell surplus and salvage assets through the firm’s GovDeals marketplace.