Assenagon Asset Management S.A. Reduces Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Assenagon Asset Management S.A. reduced its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 17.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 195,444 shares of the business services provider’s stock after selling 42,281 shares during the period. Assenagon Asset Management S.A. owned 0.64% of Liquidity Services worth $6,311,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Essex Investment Management Co. LLC acquired a new stake in shares of Liquidity Services in the third quarter valued at approximately $2,749,000. Pacer Advisors Inc. boosted its stake in Liquidity Services by 9.5% during the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after purchasing an additional 76,794 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Liquidity Services during the 3rd quarter worth $1,311,000. JPMorgan Chase & Co. increased its stake in Liquidity Services by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock valued at $1,366,000 after purchasing an additional 30,360 shares during the period. Finally, Barclays PLC increased its stake in Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after purchasing an additional 29,746 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Trading Up 0.3 %

NASDAQ LQDT opened at $34.56 on Monday. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $36.11. The company’s fifty day simple moving average is $29.41 and its 200-day simple moving average is $24.50. The stock has a market cap of $1.06 billion, a P/E ratio of 54.86 and a beta of 1.37.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, EVP John Daunt sold 4,546 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total transaction of $144,017.28. Following the sale, the executive vice president now owns 43,309 shares in the company, valued at $1,372,029.12. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the transaction, the chief financial officer now owns 33,608 shares of the company’s stock, valued at approximately $1,146,032.80. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 101,668 shares of company stock worth $3,331,558 in the last ninety days. 29.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LQDT has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday, December 10th. Craig Hallum raised their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st.

About Liquidity Services

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.