Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,255 shares of the business services provider’s stock after selling 33,047 shares during the quarter. Rice Hall James & Associates LLC owned 1.08% of Liquidity Services worth $10,793,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of Liquidity Services by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 108,687 shares of the business services provider’s stock worth $3,510,000 after acquiring an additional 3,181 shares in the last quarter. Nkcfo LLC acquired a new position in shares of Liquidity Services in the 4th quarter worth approximately $856,000. Allspring Global Investments Holdings LLC grew its position in shares of Liquidity Services by 107.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock worth $3,856,000 after acquiring an additional 61,918 shares in the last quarter. Eagle Ridge Investment Management acquired a new position in shares of Liquidity Services in the 4th quarter worth approximately $276,000. Finally, Yousif Capital Management LLC acquired a new position in shares of Liquidity Services in the 4th quarter worth approximately $204,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insiders Place Their Bets

In other news, VP Mark A. Shaffer sold 6,005 shares of the business’s stock in a transaction on 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jorge Celaya sold 16,540 shares of the business’s stock in a transaction 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 $1,146,032.80. This represents a 32.98 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 157,388 shares of company stock worth $5,263,991. 28.40% of the stock is owned by company insiders.

Liquidity Services Price Performance

NASDAQ:LQDT opened at $36.48 on Tuesday. Liquidity Services, Inc. has a 12-month low of $16.58 and a 12-month high of $39.72. The firm has a market capitalization of $1.12 billion, a P/E ratio of 48.64 and a beta of 1.36. The business has a 50 day simple moving average of $33.52 and a 200 day simple moving average of $26.61.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analysts Set New Price Targets

LQDT has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Tuesday, February 11th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. Finally, Craig Hallum boosted their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th.

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.