Essex Investment Management Co. LLC Sells 821 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Essex Investment Management Co. LLC decreased its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 0.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 105,669 shares of the business services provider’s stock after selling 821 shares during the period. Essex Investment Management Co. LLC owned 0.34% of Liquidity Services worth $3,277,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of LQDT. Teacher Retirement System of Texas bought a new stake in shares of Liquidity Services during the 4th quarter worth about $613,000. American Century Companies Inc. boosted its holdings in shares of Liquidity Services by 10.4% during the 4th quarter. American Century Companies Inc. now owns 48,324 shares of the business services provider’s stock worth $1,560,000 after buying an additional 4,556 shares during the period. Sei Investments Co. boosted its holdings in shares of Liquidity Services by 8.2% during the 4th quarter. Sei Investments Co. now owns 243,453 shares of the business services provider’s stock worth $7,861,000 after buying an additional 18,450 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Liquidity Services in the 4th quarter valued at about $132,000. Finally, LPL Financial LLC bought a new position in shares of Liquidity Services during the fourth quarter worth approximately $369,000. Institutional investors own 71.15% of the company’s stock.

Insider Buying and Selling at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $31.55, for a total transaction of $315,500.00. Following the completion of the sale, the director owned 184,562 shares of the company’s stock, valued at approximately $5,822,931.10. This represents a 5.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 28.40% of the company’s stock.

Liquidity Services Trading Down 2.5%

Shares of LQDT opened at $24.21 on Tuesday. Liquidity Services, Inc. has a 12 month low of $19.87 and a 12 month high of $39.72. The firm’s 50 day moving average is $24.11 and its 200-day moving average is $29.14. The stock has a market capitalization of $755.86 million, a PE ratio of 30.65 and a beta of 1.14.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, May 8th. The business services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. Liquidity Services had a net margin of 6.31% and a return on equity of 20.89%. The company had revenue of $116.38 million for the quarter, compared to analysts’ expectations of $125.20 million.

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.