Bank of New York Mellon Corp Sells 13,857 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Bank of New York Mellon Corp lowered its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 139,374 shares of the business services provider’s stock after selling 13,857 shares during the quarter. Bank of New York Mellon Corp owned 0.45% of Liquidity Services worth $4,500,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of Liquidity Services by 9.5% during the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after purchasing an additional 76,794 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Liquidity Services by 107.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock worth $3,856,000 after acquiring an additional 61,918 shares during the period. JPMorgan Chase & Co. boosted 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 acquiring an additional 30,360 shares during the last quarter. Barclays PLC grew its position in shares of Liquidity Services by 307.3% during the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after acquiring an additional 29,746 shares during the period. Finally, Nkcfo LLC bought a new stake in shares of Liquidity Services in the 4th quarter worth approximately $856,000. 71.15% of the stock is owned by institutional investors.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT opened at $29.93 on Tuesday. The company’s fifty day moving average price is $33.79 and its 200-day moving average price is $28.08. Liquidity Services, Inc. has a one year low of $16.79 and a one year high of $39.72. The firm has a market capitalization of $929.00 million, a price-to-earnings ratio of 39.91 and a beta of 1.26.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the transaction, the insider now owns 36,181 shares in the company, valued at $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jorge Celaya sold 7,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.33, for a total transaction of $264,975.00. Following the sale, the chief financial officer now directly owns 27,275 shares in the company, valued at $963,625.75. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 98,658 shares of company stock worth $3,321,948. 28.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LQDT shares. Barrington Research restated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday, February 11th. Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

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.