Boston Partners Sells 6,279 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Boston Partners reduced its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,416 shares of the business services provider’s stock after selling 6,279 shares during the quarter. Boston Partners owned about 0.45% of Liquidity Services worth $2,575,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LQDT. GAMMA Investing LLC bought a new stake in shares of Liquidity Services in the 4th quarter valued at $50,000. AJOVista LLC acquired a new position in shares of Liquidity Services in the 4th quarter valued at about $53,000. Quest Partners LLC bought a new stake in shares of Liquidity Services during the 4th quarter valued at about $126,000. Louisiana State Employees Retirement System acquired a new stake in Liquidity Services during the fourth quarter worth approximately $193,000. Finally, Jupiter Asset Management Ltd. bought a new stake in Liquidity Services in the first quarter worth approximately $202,000. 71.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, May 28th.

Liquidity Services Stock Down 2.4 %

LQDT traded down $0.53 during trading on Friday, hitting $21.45. 86,669 shares of the company’s stock were exchanged, compared to its average volume of 104,852. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $22.87. The stock has a market cap of $653.80 million, a P/E ratio of 33.00 and a beta of 1.35. The business’s 50 day moving average is $20.10 and its two-hundred day moving average is $18.60.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $91.45 million for the quarter. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. During the same quarter in the prior year, the company earned $0.20 EPS.

Liquidity Services 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.