Algert Global LLC Makes New Investment in Liquidity Services, Inc. (NASDAQ:LQDT)

Algert Global LLC purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,500 shares of the business services provider’s stock, valued at approximately $242,000.

Other hedge funds have also made changes to their positions in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services during the fourth quarter worth approximately $38,000. Quarry LP acquired a new stake in Liquidity Services during the 4th quarter worth $47,000. Aquatic Capital Management LLC grew its holdings in Liquidity Services by 257.6% during the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after acquiring an additional 1,288 shares during the period. R Squared Ltd acquired a new position in shares of Liquidity Services in the 4th quarter valued at $66,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Liquidity Services in the 4th quarter valued at $132,000. Institutional investors own 71.15% of the company’s stock.

Liquidity Services Price Performance

NASDAQ LQDT opened at $24.06 on Tuesday. Liquidity Services, Inc. has a fifty-two week low of $18.72 and a fifty-two week high of $39.72. The stock has a market capitalization of $746.80 million, a PE ratio of 32.08 and a beta of 1.31. The business has a fifty day moving average price of $30.47 and a two-hundred day moving average price of $30.50.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $116.38 million during the quarter, compared to analysts’ expectations of $125.20 million. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Insider Buying and Selling

In other Liquidity Services news, Director Jaime Mateus-Tique sold 29,169 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $29.06, for a total transaction of $847,651.14. Following the completion of the sale, the director now directly owns 230,393 shares in the company, valued at approximately $6,695,220.58. This trade represents a 11.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total value of $213,717.95. Following the sale, the vice president now owns 36,083 shares of the company’s stock, valued at approximately $1,284,193.97. The trade was a 14.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,543 shares of company stock valued at $4,673,568 in the last three months. Insiders own 28.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on LQDT. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

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.