Penserra Capital Management LLC Trims Stake in Liquidity Services, Inc. $LQDT

Penserra Capital Management LLC lessened its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 37.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 109,692 shares of the business services provider’s stock after selling 64,480 shares during the quarter. Penserra Capital Management LLC’s holdings in Liquidity Services were worth $2,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LQDT. CWM LLC boosted its holdings in Liquidity Services by 166.8% during the first quarter. CWM LLC now owns 1,318 shares of the business services provider’s stock worth $41,000 after buying an additional 824 shares in the last quarter. Quarry LP grew its position in shares of Liquidity Services by 38.0% during the 1st quarter. Quarry LP now owns 2,006 shares of the business services provider’s stock valued at $62,000 after acquiring an additional 552 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Liquidity Services by 11.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the business services provider’s stock valued at $143,000 after acquiring an additional 476 shares during the period. Carnegie Investment Counsel purchased a new position in shares of Liquidity Services in the 1st quarter valued at about $225,000. Finally, Kestra Private Wealth Services LLC acquired a new position in Liquidity Services in the 1st quarter worth about $235,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 5,403 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $27.45, for a total transaction of $148,312.35. Following the transaction, the director owned 164,562 shares of the company’s stock, valued at approximately $4,517,226.90. The trade was a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George H. Ellis sold 7,500 shares of Liquidity Services stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $25.35, for a total value of $190,125.00. Following the transaction, the director owned 15,708 shares in the company, valued at approximately $398,197.80. This represents a 32.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 17,500 shares of company stock worth $464,579. Insiders own 28.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LQDT shares. Barrington Research restated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Liquidity Services in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.50.

Liquidity Services Stock Up 2.3%

Liquidity Services stock opened at $22.67 on Monday. The company has a fifty day simple moving average of $25.59 and a 200-day simple moving average of $25.43. The firm has a market capitalization of $708.14 million, a price-to-earnings ratio of 27.31 and a beta of 1.13. Liquidity Services, Inc. has a 52-week low of $21.67 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $119.88 million for the quarter, compared to analyst estimates of $120.41 million. Liquidity Services had a net margin of 6.25% and a return on equity of 20.75%.

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.