Allspring Global Investments Holdings LLC Takes $1.31 Million Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,514 shares of the business services provider’s stock, valued at approximately $1,311,000. Allspring Global Investments Holdings LLC owned approximately 0.19% of Liquidity Services at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LQDT. Sei Investments Co. grew its position in Liquidity Services by 8.4% in the 1st quarter. Sei Investments Co. now owns 182,150 shares of the business services provider’s stock worth $3,388,000 after purchasing an additional 14,083 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Liquidity Services in the 1st quarter valued at approximately $202,000. Vanguard Group Inc. increased its position in shares of Liquidity Services by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock valued at $33,875,000 after buying an additional 52,997 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Liquidity Services by 7.2% during the 1st quarter. Acadian Asset Management LLC now owns 435,193 shares of the business services provider’s stock valued at $8,089,000 after purchasing an additional 29,070 shares in the last quarter. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Liquidity Services by 8.5% during the first quarter. Hillsdale Investment Management Inc. now owns 285,308 shares of the business services provider’s stock worth $5,307,000 after acquiring an additional 22,470 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Liquidity Services Stock Up 1.0 %

NASDAQ:LQDT opened at $21.62 on Thursday. The stock’s 50-day simple moving average is $22.14 and its 200 day simple moving average is $20.57. The firm has a market capitalization of $660.10 million, a PE ratio of 34.32 and a beta of 1.38. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $23.66.

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

Insider Buying and Selling at Liquidity Services

In other news, VP Mark A. Shaffer sold 13,314 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $22.56, for a total transaction of $300,363.84. Following the transaction, the vice president now directly owns 38,415 shares of the company’s stock, valued at approximately $866,642.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Liquidity Services news, CFO Jorge Celaya sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the sale, the chief financial officer now directly owns 52,407 shares in the company, valued at approximately $1,154,526.21. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark A. Shaffer sold 13,314 shares of Liquidity Services stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $22.56, for a total value of $300,363.84. Following the completion of the sale, the vice president now owns 38,415 shares of the company’s stock, valued at $866,642.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,345 shares of company stock valued at $3,462,918 in the last 90 days. 29.77% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.