Liquidity Services, Inc. (NASDAQ:LQDT) Shares Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 192,908 shares of the business services provider’s stock after purchasing an additional 1,400 shares during the quarter. Hillsdale Investment Management Inc. owned 0.63% of Liquidity Services worth $6,229,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LQDT. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services during the 4th quarter worth about $38,000. R Squared Ltd acquired a new position in Liquidity Services in the 4th quarter valued at about $66,000. GAMMA Investing LLC grew its position in Liquidity Services by 11.2% in the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 487 shares in the last quarter. Longboard Asset Management LP acquired a new position in Liquidity Services in the 4th quarter valued at about $200,000. Finally, Yousif Capital Management LLC acquired a new position in Liquidity Services in the 4th quarter valued at about $204,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Wednesday. Craig Hallum lifted their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Insider Activity

In related news, CFO Jorge Celaya sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00. Following the completion of the sale, the chief financial officer now owns 27,275 shares in the company, valued at $963,625.75. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Beatriz V. Infante sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $35.36, for a total value of $176,800.00. Following the sale, the director now owns 82,990 shares of the company’s stock, valued at approximately $2,934,526.40. The trade was a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,658 shares of company stock worth $2,508,408. 28.40% of the stock is currently owned by company insiders.

Liquidity Services Stock Performance

Shares of LQDT opened at $31.60 on Friday. The stock has a 50-day simple moving average of $33.54 and a 200-day simple moving average of $28.24. The stock has a market capitalization of $980.83 million, a PE ratio of 42.13 and a beta of 1.26. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72.

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

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.