Legal & General Group Plc Makes New $2.14 Million Investment in Liquidity Services, Inc. $LQDT

Legal & General Group Plc bought a new position in Liquidity Services, Inc. (NASDAQ:LQDT) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 54,717 shares of the business services provider’s stock, valued at approximately $2,141,000.

A number of other large investors have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new position in shares of Liquidity Services during the second quarter valued at about $250,000. Algert Global LLC raised its stake in Liquidity Services by 49.8% in the second quarter. Algert Global LLC now owns 59,157 shares of the business services provider’s stock worth $2,314,000 after buying an additional 19,660 shares in the last quarter. Ranger Investment Management L.P. purchased a new stake in Liquidity Services in the second quarter worth about $3,258,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Liquidity Services in the second quarter worth about $5,127,000. Finally, Globeflex Capital L P bought a new stake in Liquidity Services during the 2nd quarter valued at approximately $1,056,000. Institutional investors own 71.15% of the company’s stock.

Insider Activity at Liquidity Services

In related news, EVP John Daunt sold 10,139 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $39.24, for a total transaction of $397,854.36. Following the completion of the transaction, the executive vice president owned 38,086 shares of the company’s stock, valued at $1,494,494.64. This trade represents a 21.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jaime Mateus-Tique sold 38,471 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $37.99, for a total value of $1,461,513.29. Following the transaction, the director directly owned 164,380 shares of the company’s stock, valued at approximately $6,244,796.20. This trade represents a 18.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 97,070 shares of company stock valued at $3,702,139 over the last quarter. Company insiders own 28.06% of the company’s stock.

Liquidity Services Price Performance

Shares of NASDAQ LQDT opened at $42.10 on Friday. Liquidity Services, Inc. has a 1 year low of $21.67 and a 1 year high of $44.09. The stock has a market cap of $1.32 billion, a P/E ratio of 41.27 and a beta of 1.07. The firm has a 50-day moving average of $40.20 and a 200 day moving average of $35.93.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.34 by $0.11. The business had revenue of $129.58 million for the quarter, compared to analyst estimates of $57.83 million. Liquidity Services had a net margin of 6.79% and a return on equity of 17.60%. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. Research analysts expect that Liquidity Services, Inc. will post 1.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings upgraded Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Barrington Research set a $50.00 target price on Liquidity Services in a research note on Friday, August 7th. Wall Street Zen upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Finally, Zacks Research upgraded Liquidity Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $50.00.

About Liquidity Services

Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.

The company’s core services include asset valuation, marketing, inspection and logistics coordination.