Aviva PLC trimmed its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) by 34.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,669 shares of the business services provider’s stock after selling 49,878 shares during the period. Aviva PLC owned 0.27% of Liquidity Services worth $1,556,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LQDT. Avalon Investment & Advisory purchased a new position in Liquidity Services during the 3rd quarter worth approximately $3,370,000. Rice Hall James & Associates LLC purchased a new position in Liquidity Services during the 3rd quarter worth approximately $1,692,000. Crown Advisors Management Inc. acquired a new stake in shares of Liquidity Services during the 2nd quarter valued at $1,344,000. Staley Capital Advisers Inc. boosted its stake in shares of Liquidity Services by 4.1% during the 2nd quarter. Staley Capital Advisers Inc. now owns 2,300,000 shares of the business services provider’s stock valued at $30,912,000 after buying an additional 90,000 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Liquidity Services during the 2nd quarter valued at $1,086,000. 65.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on LQDT. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 3rd. Barrington Research reissued an “outperform” rating and set a $20.00 target price on shares of Liquidity Services in a research note on Tuesday, February 7th.
Liquidity Services Stock Down 2.6 %
Liquidity Services (NASDAQ:LQDT – Get Rating) last released its quarterly earnings data on Thursday, December 8th. The business services provider reported $0.19 earnings per share (EPS) for the quarter. Liquidity Services had a net margin of 14.25% and a return on equity of 17.47%. The business had revenue of $75.20 million during the quarter.
Insider Activity at Liquidity Services
In related news, Director Jaime Mateus-Tique sold 11,368 shares of Liquidity Services stock in a transaction on Monday, December 12th. The shares were sold at an average price of $12.87, for a total value of $146,306.16. Following the completion of the sale, the director now owns 141,827 shares of the company’s stock, valued at approximately $1,825,313.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Liquidity Services news, COO John Daunt sold 8,775 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $14.00, for a total transaction of $122,850.00. Following the completion of the transaction, the chief operating officer now owns 80,376 shares of the company’s stock, valued at approximately $1,125,264. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jaime Mateus-Tique sold 11,368 shares of the business’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $12.87, for a total transaction of $146,306.16. Following the transaction, the director now directly owns 141,827 shares of the company’s stock, valued at approximately $1,825,313.49. The disclosure for this sale can be found here. 30.41% of the stock is owned by company insiders.
Liquidity Services Profile
Liquidity Services, Inc engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. The GovDeals segment provides self-directed service solutions that enable local and state government entities including city, county, and state agencies to sell surplus and salvage assets through the firm’s GovDeals marketplace.
Read More
- Get a free copy of the StockNews.com research report on Liquidity Services (LQDT)
- MarketBeat Week in Review – 2/20 – 2/24
- Carvana Skidding On Revenue Decrease, Heavy Debt Burden
- What Are Consumer Staples Stocks?
- Is Rocky Brands Dividend A Good Fit For Your Portfolio?
- Beyond Meat Stock Is Not Beyond Hope
Want to see what other hedge funds are holding LQDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating).
Receive News & Ratings for Liquidity Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services and related companies with MarketBeat.com's FREE daily email newsletter.
