State of Wyoming Cuts Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

State of Wyoming lowered its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,345 shares of the business services provider’s stock after selling 2,934 shares during the period. State of Wyoming’s holdings in Liquidity Services were worth $302,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LQDT. Harvest Fund Management Co. Ltd bought a new position in shares of Liquidity Services in the 4th quarter worth $38,000. Quarry LP purchased a new position in Liquidity Services in the fourth quarter valued at about $47,000. Aquatic Capital Management LLC raised its holdings in Liquidity Services by 257.6% in the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after purchasing an additional 1,288 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Liquidity Services during the fourth quarter valued at about $66,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Liquidity Services during the fourth quarter valued at about $132,000. Institutional investors own 71.15% of the company’s stock.

Insider Buying and Selling at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 10,000 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $31.55, for a total value of $315,500.00. Following the completion of the transaction, the director now owns 184,562 shares in the company, valued at $5,822,931.10. This trade represents a 5.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the sale, the insider now directly owns 36,181 shares of the company’s stock, valued at approximately $1,228,706.76. This represents a 17.99% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 113,038 shares of company stock worth $3,492,975. 28.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports 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. Wall Street Zen lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT opened at $25.02 on Friday. The firm has a market capitalization of $781.15 million, a P/E ratio of 33.36 and a beta of 1.31. The business’s 50-day moving average is $29.65 and its 200 day moving average is $30.55. Liquidity Services, Inc. has a 1 year low of $18.78 and a 1 year high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The firm had revenue of $116.38 million for the quarter, compared to the consensus estimate of $125.20 million. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

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.