Pacer Advisors Inc. Has $16.07 Million Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Pacer Advisors Inc. trimmed its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 804,440 shares of the business services provider’s stock after selling 51,884 shares during the period. Pacer Advisors Inc. owned approximately 2.64% of Liquidity Services worth $16,073,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in Liquidity Services by 19.2% during the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock valued at $67,000 after buying an additional 540 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Liquidity Services during the second quarter valued at $87,000. Quest Partners LLC acquired a new position in Liquidity Services in the 4th quarter worth about $126,000. Jupiter Asset Management Ltd. acquired a new position in Liquidity Services in the 1st quarter worth about $202,000. Finally, Price T Rowe Associates Inc. MD increased its position in Liquidity Services by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock worth $389,000 after purchasing an additional 870 shares during the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday, August 26th.

Liquidity Services Price Performance

Shares of LQDT stock opened at $22.99 on Monday. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $23.66. The stock’s 50-day moving average is $21.77 and its two-hundred day moving average is $19.79. The firm has a market cap of $700.78 million, a P/E ratio of 35.37 and a beta of 1.37.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The company had revenue of $93.61 million for the quarter. During the same period in the previous year, the company earned $0.28 earnings per share.

Insider Activity at Liquidity Services

In related news, CFO Jorge Celaya sold 3,248 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $21.51, for a total value of $69,864.48. Following the transaction, the chief financial officer now directly owns 51,988 shares of the company’s stock, valued at approximately $1,118,261.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Jorge Celaya sold 3,248 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $21.51, for a total value of $69,864.48. Following the transaction, the chief financial officer now directly owns 51,988 shares of the company’s stock, valued at approximately $1,118,261.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Daunt sold 41,454 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $21.75, for a total value of $901,624.50. Following the completion of the transaction, the executive vice president now directly owns 50,712 shares in the company, valued at $1,102,986. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,345 shares of company stock valued at $3,462,918. Corporate insiders own 29.77% of the company’s stock.

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.