Wesbanco Bank Inc. bought a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Free Report) in the fourth quarter, Holdings Channel reports. The firm bought 7,000 shares of the business services provider’s stock, valued at approximately $226,000.
A number of other institutional investors have also modified their holdings of LQDT. American Century Companies Inc. grew its holdings in shares of Liquidity Services by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider’s stock worth $741,000 after purchasing an additional 4,037 shares during the period. Sei Investments Co. lifted its position in Liquidity Services by 9.2% during the 2nd quarter. Sei Investments Co. now owns 198,886 shares of the business services provider’s stock worth $3,974,000 after acquiring an additional 16,736 shares in the last quarter. Public Sector Pension Investment Board lifted its position in Liquidity Services by 5.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock worth $978,000 after acquiring an additional 2,430 shares in the last quarter. SG Americas Securities LLC acquired a new position in Liquidity Services during the 3rd quarter worth approximately $298,000. Finally, GAMMA Investing LLC lifted its position in Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,005 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.
Insider Buying and Selling at Liquidity Services
In other news, CFO Jorge Celaya sold 16,540 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the sale, the chief financial officer now directly owns 33,608 shares in the company, valued at approximately $1,146,032.80. The trade was a 32.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward Kolodzieski sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $31.29, for a total value of $813,540.00. Following the completion of the sale, the director now owns 19,229 shares of the company’s stock, valued at $601,675.41. This trade represents a 57.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,668 shares of company stock valued at $3,331,558 in the last three months. Corporate insiders own 29.77% of the company’s stock.
Liquidity Services Stock Up 2.0 %
Liquidity Services (NASDAQ:LQDT – Get Free Report) last announced its earnings results on Thursday, December 12th. The business services provider reported $0.32 earnings per share (EPS) for the quarter. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%. During the same period last year, the business posted $0.26 EPS.
Wall Street Analysts Forecast Growth
LQDT has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum boosted their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st.
Check Out Our Latest Stock Report on LQDT
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.
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