Rice Hall James & Associates LLC acquired a new stake in Liquidity Services, Inc. (NASDAQ:LQDT – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 608,476 shares of the business services provider’s stock, valued at approximately $23,804,000. Liquidity Services accounts for 1.2% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 23rd biggest holding.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake in Liquidity Services by 55.1% during the second quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock worth $30,227,000 after purchasing an additional 454,988 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in Liquidity Services by 38.9% in the third quarter. Punch & Associates Investment Management Inc. now owns 909,743 shares of the business services provider’s stock valued at $24,954,000 after buying an additional 254,875 shares during the period. Millennium Management LLC lifted its stake in Liquidity Services by 141.9% in the third quarter. Millennium Management LLC now owns 357,707 shares of the business services provider’s stock valued at $9,812,000 after buying an additional 209,807 shares during the period. Marshall Wace LLP boosted its holdings in shares of Liquidity Services by 835.0% during the 2nd quarter. Marshall Wace LLP now owns 181,535 shares of the business services provider’s stock worth $4,282,000 after buying an additional 162,120 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Liquidity Services by 120.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 283,301 shares of the business services provider’s stock worth $6,683,000 after buying an additional 154,925 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.
Liquidity Services Stock Performance
LQDT stock opened at $42.71 on Tuesday. The stock’s 50 day simple moving average is $39.07 and its 200 day simple moving average is $34.97. Liquidity Services, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $43.82. The company has a market cap of $1.34 billion, a P/E ratio of 41.87 and a beta of 1.10.
Analysts Set New Price Targets
Several analysts have recently commented on LQDT shares. Weiss Ratings raised shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Barrington Research set a $50.00 target price on shares of Liquidity Services in a research note on Friday, August 7th. Finally, Zacks Research upgraded shares of Liquidity Services from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Liquidity Services currently has a consensus rating of “Moderate Buy” and an average target price of $50.00.
Get Our Latest Stock Report on Liquidity Services
Insider Activity at Liquidity Services
In related news, EVP John Daunt sold 10,139 shares of Liquidity Services stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $39.24, for a total value of $397,854.36. Following the completion of the sale, the executive vice president owned 38,086 shares of the company’s stock, valued at approximately $1,494,494.64. This trade represents a 21.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jaime Mateus-Tique sold 38,471 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $37.99, for a total transaction of $1,461,513.29. Following the sale, the director owned 164,380 shares of the company’s stock, valued at $6,244,796.20. This trade represents a 18.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 196,261 shares of company stock valued at $7,153,183 over the last three months. 28.06% of the stock is currently owned by company insiders.
Liquidity Services Profile
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.
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