New York State Teachers Retirement System Has $1.34 Million Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

New York State Teachers Retirement System lowered its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 3.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,618 shares of the business services provider’s stock after selling 1,302 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Liquidity Services worth $1,344,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LQDT. R Squared Ltd bought a new position in shares of Liquidity Services in the fourth quarter worth $66,000. GAMMA Investing LLC increased its position in shares of Liquidity Services by 11.2% in the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock worth $157,000 after purchasing an additional 487 shares during the period. Longboard Asset Management LP bought a new position in shares of Liquidity Services in the fourth quarter worth $200,000. Yousif Capital Management LLC bought a new position in shares of Liquidity Services in the fourth quarter worth $204,000. Finally, Linden Thomas Advisory Services LLC bought a new position in shares of Liquidity Services in the fourth quarter worth $220,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LQDT shares. Barrington Research reiterated an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Tuesday, February 11th. Craig Hallum lifted their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

Insider Activity at Liquidity Services

In other Liquidity Services news, Director Edward Kolodzieski sold 26,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.29, for a total transaction of $813,540.00. Following the transaction, the director now directly owns 19,229 shares in the company, valued at approximately $601,675.41. This represents a 57.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jorge Celaya sold 16,540 shares of the stock in a transaction 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 in the company, valued at approximately $1,146,032.80. This represents a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 162,388 shares of company stock worth $5,440,791 over the last ninety days. Insiders own 28.40% of the company’s stock.

Liquidity Services Price Performance

Liquidity Services stock opened at $34.31 on Monday. The business has a 50 day moving average of $33.96 and a 200-day moving average of $27.03. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72. The company has a market capitalization of $1.06 billion, a P/E ratio of 45.75 and a beta of 1.36.

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

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.