Access Investment Management LLC Has $2.68 Million Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Access Investment Management LLC raised its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,830 shares of the business services provider’s stock after purchasing an additional 345 shares during the quarter. Access Investment Management LLC owned approximately 0.27% of Liquidity Services worth $2,675,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LQDT. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services during the 3rd quarter valued at $1,311,000. Assenagon Asset Management S.A. lifted its holdings in Liquidity Services by 4.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock valued at $5,420,000 after purchasing an additional 11,022 shares during the last quarter. Rice Hall James & Associates LLC lifted its holdings in Liquidity Services by 1.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after purchasing an additional 4,838 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Liquidity Services during the third quarter worth $488,000. Finally, Quest Partners LLC acquired a new stake in shares of Liquidity Services during the third quarter worth $463,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Buying and Selling

In other Liquidity Services news, Director Beatriz V. Infante sold 5,000 shares of Liquidity Services stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $35.36, for a total value of $176,800.00. Following the transaction, the director now owns 82,990 shares in the company, valued at $2,934,526.40. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jaime Mateus-Tique sold 50,000 shares of Liquidity Services stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the completion of the transaction, the director now owns 103,660 shares in the company, valued at approximately $3,443,585.20. This represents a 32.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 162,388 shares of company stock worth $5,440,791. Company insiders own 28.40% of the company’s stock.

Liquidity Services Stock Performance

Shares of NASDAQ LQDT opened at $34.31 on Friday. Liquidity Services, Inc. has a 52 week low of $16.79 and a 52 week high of $39.72. The stock has a market capitalization of $1.06 billion, a P/E ratio of 45.75 and a beta of 1.36. The stock’s fifty day moving average is $33.96 and its 200 day moving average is $26.98.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results 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%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LQDT shares. Barrington Research reissued an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Tuesday, February 11th. Craig Hallum lifted their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

About Liquidity Services

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.