Liquidity Services, Inc. $LQDT Shares Newly Bought by ProShare Advisors LLC

ProShare Advisors LLC bought a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 51,448 shares of the business services provider’s stock, valued at approximately $2,204,000. ProShare Advisors LLC owned approximately 0.16% of Liquidity Services at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Liquidity Services by 5.4% during the second quarter. GAMMA Investing LLC now owns 5,957 shares of the business services provider’s stock valued at $233,000 after acquiring an additional 306 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of Liquidity Services during the 2nd quarter valued at $35,000. Quantbot Technologies LP acquired a new stake in shares of Liquidity Services in the 2nd quarter worth $53,000. Nisa Investment Advisors LLC boosted its position in shares of Liquidity Services by 62.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,293 shares of the business services provider’s stock worth $184,000 after purchasing an additional 1,646 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Liquidity Services by 1.5% during the 1st quarter. Principal Financial Group Inc. now owns 115,271 shares of the business services provider’s stock worth $3,524,000 after buying an additional 1,746 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

Insider Activity

In other news, EVP John Daunt sold 715 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $42.75, for a total value of $30,566.25. Following the transaction, the executive vice president directly owned 38,086 shares of the company’s stock, valued at approximately $1,628,176.50. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 28.06% of the stock is owned by insiders.

Liquidity Services Stock Down 2.4%

Shares of LQDT stock traded down $1.08 during mid-day trading on Friday, hitting $43.64. 506,355 shares of the stock were exchanged, compared to its average volume of 228,475. The firm has a fifty day moving average of $43.13 and a 200 day moving average of $37.26. Liquidity Services, Inc. has a 52-week low of $22.03 and a 52-week high of $47.31. The company has a market cap of $1.37 billion, a PE ratio of 42.78 and a beta of 1.06.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $129.58 million during the quarter, compared to analysts’ expectations of $57.83 million. Liquidity Services had a return on equity of 17.60% and a net margin of 6.79%. Equities analysts predict that Liquidity Services, Inc. will post 1.16 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LQDT shares. Zacks Research downgraded shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Barrington Research set a $50.00 price objective on Liquidity Services in a report on Friday, August 7th. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Finally, Weiss Ratings raised shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Liquidity Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Liquidity Services Profile

Liquidity Services, Inc operates online marketplaces and related services for buying and selling surplus, returned, and otherwise excess assets. The company connects governments, businesses, and other organizations with buyers seeking products ranging from consumer goods and industrial equipment to vehicles, heavy machinery, and other capital assets.

Its platforms include GovDeals, which serves public-sector sellers; Liquidation.com, which facilitates the sale of surplus and returned inventory; and Machinio, a marketplace focused on used equipment.