Los Angeles Capital Management LLC Takes $900,000 Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Los Angeles Capital Management LLC purchased a new stake in Liquidity Services, Inc. (NASDAQ:LQDT) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 52,319 shares of the business services provider’s stock, valued at approximately $900,000. Los Angeles Capital Management LLC owned approximately 0.17% of Liquidity Services at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LQDT. Victory Capital Management Inc. grew its holdings in shares of Liquidity Services by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 31,950 shares of the business services provider’s stock valued at $550,000 after purchasing an additional 682 shares during the period. Yousif Capital Management LLC boosted its position in shares of Liquidity Services by 21.1% during the fourth quarter. Yousif Capital Management LLC now owns 13,729 shares of the business services provider’s stock worth $236,000 after buying an additional 2,393 shares during the period. GAMMA Investing LLC purchased a new position in Liquidity Services during the 4th quarter valued at about $50,000. Mackenzie Financial Corp grew its stake in shares of Liquidity Services by 23.9% in the fourth quarter. Mackenzie Financial Corp now owns 15,370 shares of the business services provider’s stock worth $265,000 after acquiring an additional 2,968 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. acquired a new stake in Liquidity Services in the 4th quarter valued at about $478,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LQDT has been the subject of several recent analyst reports. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 3rd. TheStreet cut Liquidity Services from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Monday.

Insider Buying and Selling at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the transaction, the director now owns 19,402 shares in the company, valued at $339,535. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 29.77% of the stock is currently owned by corporate insiders.

Liquidity Services Trading Down 2.8 %

Shares of LQDT stock opened at $18.73 on Friday. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $21.10. The firm has a 50-day moving average price of $17.91 and a 200 day moving average price of $18.00. The company has a market capitalization of $575.39 million, a price-to-earnings ratio of 31.22 and a beta of 1.38.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The company had revenue of $71.33 million for the quarter.

Liquidity Services Company 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.