Liquidity Services, Inc. (NASDAQ:LQDT) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 419,600 shares of the business services provider’s stock after buying an additional 4,100 shares during the period. Wellington Management Group LLP owned 1.37% of Liquidity Services worth $7,221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Access Investment Management LLC acquired a new position in Liquidity Services during the fourth quarter worth $775,000. Mesirow Financial Investment Management Inc. boosted its stake in Liquidity Services by 43.4% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 20,734 shares of the business services provider’s stock worth $346,000 after buying an additional 6,277 shares during the last quarter. Lazard Asset Management LLC raised its position in Liquidity Services by 4.8% in the third quarter. Lazard Asset Management LLC now owns 21,562 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 980 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Liquidity Services in the fourth quarter valued at $900,000. Finally, Dimensional Fund Advisors LP raised its position in Liquidity Services by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock valued at $19,630,000 after purchasing an additional 7,868 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Trading Down 1.8 %

LQDT stock opened at $19.98 on Friday. The company has a market capitalization of $609.03 million, a PE ratio of 30.74 and a beta of 1.35. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $21.10. The business’s fifty day moving average price is $18.94 and its 200 day moving average price is $17.97.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $91.45 million for the quarter. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. During the same quarter in the prior year, the firm posted $0.20 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th. Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, May 28th.

Liquidity Services 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.