Eagle Ridge Investment Management Buys New Shares in Liquidity Services, Inc. (NASDAQ:LQDT)

Eagle Ridge Investment Management bought a new stake in Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,545 shares of the business services provider’s stock, valued at approximately $276,000.

A number of other institutional investors have also recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in Liquidity Services during the fourth quarter worth approximately $66,000. nVerses Capital LLC purchased a new stake in Liquidity Services during the third quarter worth approximately $48,000. GAMMA Investing LLC grew its stake in Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares during the period. Longboard Asset Management LP purchased a new stake in Liquidity Services during the fourth quarter worth approximately $200,000. Finally, Yousif Capital Management LLC purchased a new stake in Liquidity Services during the fourth quarter worth approximately $204,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LQDT shares. Craig Hallum boosted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barrington Research reiterated an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research note on Monday. Finally, StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st.

Insider Activity at Liquidity Services

In related news, CFO Jorge Celaya sold 16,540 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $34.10, for a total value of $564,014.00. Following the sale, the chief financial officer now directly owns 33,608 shares of the company’s stock, valued at $1,146,032.80. This represents a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jaime Mateus-Tique sold 50,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the sale, the director now directly owns 103,660 shares in the company, valued at $3,443,585.20. This represents a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,668 shares of company stock valued at $3,331,558 over the last ninety days. Corporate insiders own 28.40% of the company’s stock.

Liquidity Services Trading Up 4.0 %

Shares of LQDT stock opened at $33.12 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of 52.57 and a beta of 1.36. The firm has a fifty day simple moving average of $32.18 and a 200-day simple moving average of $25.90. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 5.50% and a return on equity of 18.99%.

Liquidity Services Profile

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.