Principal Financial Group Inc. Trims Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Principal Financial Group Inc. lowered its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,506 shares of the business services provider’s stock after selling 4,975 shares during the quarter. Principal Financial Group Inc. owned about 0.35% of Liquidity Services worth $2,406,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. nVerses Capital LLC purchased a new position in Liquidity Services during the 3rd quarter valued at about $48,000. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 540 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Liquidity Services in the 2nd quarter worth approximately $87,000. SG Americas Securities LLC purchased a new stake in shares of Liquidity Services in the 3rd quarter worth approximately $298,000. Finally, Price T Rowe Associates Inc. MD increased its position in Liquidity Services by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock valued at $389,000 after buying an additional 870 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

Liquidity Services Stock Performance

Shares of NASDAQ LQDT opened at $25.40 on Friday. The company has a market cap of $775.46 million, a PE ratio of 40.32 and a beta of 1.39. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $25.79. The firm’s 50 day moving average price is $22.95 and its 200-day moving average price is $21.35.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Liquidity Services

In other Liquidity Services news, Director George H. Ellis sold 5,500 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.54, for a total transaction of $123,970.00. Following the completion of the sale, the director now directly owns 13,902 shares in the company, valued at approximately $313,351.08. The trade was a 28.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jorge Celaya sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the completion of the transaction, the chief financial officer now directly owns 52,407 shares in the company, valued at approximately $1,154,526.21. This represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,678 shares of company stock worth $1,940,546 over the last quarter. 29.77% of the stock is currently owned by insiders.

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.