Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Aviva PLC

Aviva PLC lessened its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT – Get Rating) by 56.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,573 shares of the business services provider’s stock after selling 54,096 shares during the period. Aviva PLC owned 0.13% of Liquidity Services worth $23,163,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LQDT. Swiss National Bank increased its position in Liquidity Services by 7.5% during the first quarter. Swiss National Bank now owns 67,100 shares of the business services provider’s stock worth $1,149,000 after buying an additional 4,700 shares during the period. Citigroup Inc. increased its holdings in shares of Liquidity Services by 3.8% in the first quarter. Citigroup Inc. now owns 26,305 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 973 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Liquidity Services by 50.3% in the first quarter. MetLife Investment Management LLC now owns 15,553 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 5,207 shares during the period. Panagora Asset Management Inc. increased its holdings in shares of Liquidity Services by 1.2% in the first quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider’s stock valued at $1,351,000 after purchasing an additional 959 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Liquidity Services by 14.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,995 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 2,906 shares during the period. Institutional investors and hedge funds own 65.38% of the company’s stock.

Liquidity Services Price Performance

Liquidity Services stock opened at $15.16 on Friday. The stock’s 50 day moving average price is $13.67 and its 200 day moving average price is $14.17. The company has a market cap of $465.11 million, a PE ratio of 15.16 and a beta of 1.53. Liquidity Services, Inc. has a 1-year low of $11.97 and a 1-year high of $22.59.

Insiders Place Their Bets

In other Liquidity Services news, Director George H. Ellis sold 8,500 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $15.54, for a total transaction of $132,090.00. Following the sale, the director now directly owns 18,775 shares in the company, valued at $291,763.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Jorge Celaya sold 4,719 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $14.14, for a total value of $66,726.66. Following the sale, the chief financial officer now directly owns 44,415 shares in the company, valued at $628,028.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George H. Ellis sold 8,500 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $15.54, for a total value of $132,090.00. Following the completion of the sale, the director now owns 18,775 shares in the company, valued at $291,763.50. The disclosure for this sale can be found here. 30.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LQDT shares. Barrington Research reissued an “outperform” rating and issued a $20.00 target price on shares of Liquidity Services in a report on Tuesday, February 7th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday.

About Liquidity Services

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Liquidity Services, Inc engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals, Capital Assets Group (CAG), Retail Supply Chain Group (RSCG), and Machinio. The GovDeals segment provides self-directed service solutions that enable local and state government entities including city, county, and state agencies to sell surplus and salvage assets through the firm’s GovDeals marketplace.