Rhumbline Advisers Sells 957 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Rhumbline Advisers lowered its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 1.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 63,398 shares of the business services provider’s stock after selling 957 shares during the period. Rhumbline Advisers owned approximately 0.21% of Liquidity Services worth $2,047,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 487 shares during the period. Willis Investment Counsel lifted its stake in shares of Liquidity Services by 1.6% in the 4th quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider’s stock valued at $1,689,000 after acquiring an additional 800 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Liquidity Services by 2.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider’s stock valued at $1,146,000 after acquiring an additional 900 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Liquidity Services by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 1,019 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Liquidity Services during the 4th quarter worth $66,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Stock Performance

Shares of Liquidity Services stock opened at $31.59 on Tuesday. The stock has a market capitalization of $980.52 million, a price-to-earnings ratio of 42.12 and a beta of 1.36. The company’s 50 day moving average price is $34.16 and its 200-day moving average price is $27.50. Liquidity Services, Inc. has a 52-week low of $16.79 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping 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%.

Analyst Ratings Changes

Several brokerages recently weighed in on LQDT. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Craig Hallum upped their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Barrington Research restated an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a report on Tuesday, February 11th.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 50,000 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the sale, the director now directly owns 103,660 shares in the company, valued at $3,443,585.20. The trade was a 32.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Mark A. Shaffer sold 6,005 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total transaction of $213,717.95. Following the sale, the vice president now directly owns 36,083 shares of the company’s stock, valued at approximately $1,284,193.97. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 170,326 shares of company stock worth $5,710,365. Company insiders own 28.40% of the company’s stock.

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.