Access Investment Management LLC Purchases 345 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Access Investment Management LLC lifted its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 82,830 shares of the business services provider’s stock after buying an additional 345 shares during the quarter. Access Investment Management LLC’s holdings in Liquidity Services were worth $2,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Liquidity Services during the fourth quarter worth about $66,000. GAMMA Investing LLC grew its holdings in shares of Liquidity Services by 11.2% during the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock worth $157,000 after purchasing an additional 487 shares during the last quarter. Longboard Asset Management LP bought a new stake in shares of Liquidity Services during the fourth quarter worth about $200,000. Yousif Capital Management LLC bought a new stake in shares of Liquidity Services during the fourth quarter worth about $204,000. Finally, Linden Thomas Advisory Services LLC bought a new stake in shares of Liquidity Services during the fourth quarter worth about $220,000. 71.15% of the stock is currently owned by institutional investors.

Liquidity Services Price Performance

Liquidity Services stock opened at $34.31 on Friday. The stock’s 50 day moving average is $33.96 and its 200 day moving average is $26.98. The firm has a market cap of $1.06 billion, a P/E ratio of 45.75 and a beta of 1.36. Liquidity Services, Inc. has a one year low of $16.79 and a one year high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS 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%.

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 that occurred on Monday, December 16th. The stock was sold at an average price of $33.22, for a total value of $1,661,000.00. Following the transaction, the director now directly owns 103,660 shares of the company’s stock, valued at approximately $3,443,585.20. The trade was a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jorge Celaya sold 16,540 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the transaction, the chief financial officer now directly owns 33,608 shares in the company, valued at approximately $1,146,032.80. This trade represents a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 162,388 shares of company stock valued at $5,440,791. 28.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Craig Hallum lifted their price objective on 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 reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday, February 11th.

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.