Aviva PLC lessened its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) by 56.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,573 shares of the business services provider’s stock after selling 54,096 shares during the quarter. Aviva PLC’s holdings in Liquidity Services were worth $23,163,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of LQDT. Captrust Financial Advisors grew its position in shares of Liquidity Services by 87.0% in the 1st quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider’s stock worth $35,000 after acquiring an additional 954 shares in the last quarter. Group One Trading L.P. acquired a new position in shares of Liquidity Services in the 3rd quarter worth approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Liquidity Services in the 2nd quarter worth approximately $53,000. Royal Bank of Canada grew its position in shares of Liquidity Services by 37.2% in the 3rd quarter. Royal Bank of Canada now owns 4,306 shares of the business services provider’s stock worth $70,000 after acquiring an additional 1,167 shares in the last quarter. Finally, UBS Group AG boosted its position in Liquidity Services by 124.7% during the 3rd quarter. UBS Group AG now owns 4,493 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 2,493 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.
Insider Buying and Selling at Liquidity Services
In other Liquidity Services news, CFO Jorge Celaya sold 4,719 shares of Liquidity Services stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.14, for a total transaction of $66,726.66. Following the sale, the chief financial officer now owns 44,415 shares of the company’s stock, valued at approximately $628,028.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director George H. Ellis sold 8,500 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $15.54, for a total value of $132,090.00. Following the sale, the director now owns 18,775 shares of the company’s stock, valued at approximately $291,763.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jorge Celaya sold 4,719 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.14, for a total value of $66,726.66. Following the completion of the sale, the chief financial officer now directly owns 44,415 shares in the company, valued at approximately $628,028.10. The disclosure for this sale can be found here. 30.41% of the stock is owned by company insiders.
Liquidity Services Price Performance
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on LQDT shares. Barrington Research restated an “outperform” rating and set a $20.00 price objective on shares of Liquidity Services in a research report on Tuesday, February 7th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday.
Liquidity Services Company 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.
- Get a free copy of the StockNews.com research report on Liquidity Services (LQDT)
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