Counterpoint Mutual Funds LLC Acquires Shares of 10,221 Liquidity Services, Inc. (NASDAQ:LQDT)

Counterpoint Mutual Funds LLC acquired a new stake in Liquidity Services, Inc. (NASDAQ:LQDT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,221 shares of the business services provider’s stock, valued at approximately $330,000.

Several other large investors also recently bought and sold shares of LQDT. Royce & Associates LP boosted its stake in Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock valued at $4,574,000 after acquiring an additional 120,226 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $2,743,000. Pacer Advisors Inc. boosted its stake in shares of Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after buying an additional 76,794 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Liquidity Services by 107.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock worth $3,856,000 after buying an additional 61,918 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after buying an additional 30,360 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Buying and Selling

In other Liquidity Services news, Director Edward Kolodzieski sold 26,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.29, for a total value of $813,540.00. Following the completion of the transaction, the director now directly owns 19,229 shares of the company’s stock, valued at approximately $601,675.41. This trade represents a 57.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Novelette Murray sold 7,938 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total transaction of $269,574.48. Following the completion of the transaction, the insider now directly owns 36,181 shares of the company’s stock, valued at approximately $1,228,706.76. This trade represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,658 shares of company stock valued at $3,321,948 over the last ninety days. Corporate insiders own 28.40% of the company’s stock.

Liquidity Services Stock Up 0.3 %

NASDAQ LQDT opened at $29.93 on Tuesday. The stock has a market capitalization of $929.00 million, a P/E ratio of 39.91 and a beta of 1.26. Liquidity Services, Inc. has a 52-week low of $16.79 and a 52-week high of $39.72. The firm has a 50-day moving average price of $33.79 and a 200 day moving average price of $28.08.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reiterated an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a research note on Tuesday, February 11th. Finally, Craig Hallum increased 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.

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.