New York State Teachers Retirement System Cuts Position in Liquidity Services, Inc. (NASDAQ:LQDT)

New York State Teachers Retirement System decreased its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 4.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,920 shares of the business services provider’s stock after selling 2,106 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of Liquidity Services worth $979,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Liquidity Services during the third quarter worth $48,000. GAMMA Investing LLC grew its stake in shares of Liquidity Services by 19.2% in the 2nd 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 in the second quarter valued at about $87,000. Jupiter Asset Management Ltd. acquired a new position in Liquidity Services during the first quarter worth $202,000. Finally, SG Americas Securities LLC purchased a new position in shares of Liquidity Services in the third quarter valued at approximately $298,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Liquidity Services news, EVP John Daunt sold 41,454 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $21.75, for a total transaction of $901,624.50. Following the sale, the executive vice president now directly owns 50,712 shares in the company, valued at approximately $1,102,986. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Mark A. Shaffer sold 13,314 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $22.56, for a total transaction of $300,363.84. Following the sale, the vice president now owns 38,415 shares in the company, valued at $866,642.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Daunt sold 41,454 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $21.75, for a total transaction of $901,624.50. Following the transaction, the executive vice president now directly owns 50,712 shares of the company’s stock, valued at approximately $1,102,986. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 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.

Analysts Set New Price Targets

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

Liquidity Services Stock Up 1.4 %

LQDT opened at $24.62 on Friday. The firm has a market cap of $751.65 million, a price-to-earnings ratio of 39.08 and a beta of 1.39. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $24.69. The business’s 50 day moving average is $22.27 and its two-hundred day moving average is $20.84.

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

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.