Pacer Advisors Inc. Increases Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Pacer Advisors Inc. boosted its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 72.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 548,550 shares of the business services provider’s stock after purchasing an additional 230,755 shares during the quarter. Pacer Advisors Inc. owned about 1.78% of Liquidity Services worth $9,441,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors increased its stake in Liquidity Services by 87.0% in the 1st quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider’s stock worth $35,000 after acquiring an additional 954 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Liquidity Services by 528.0% in the first quarter. Tower Research Capital LLC TRC now owns 3,203 shares of the business services provider’s stock worth $42,000 after purchasing an additional 2,693 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Liquidity Services during the second quarter valued at $53,000. US Bancorp DE bought a new position in Liquidity Services during the second quarter valued at $66,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Liquidity Services in the 3rd quarter worth $76,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Liquidity Services Stock Up 0.8 %

Shares of Liquidity Services stock opened at $18.38 on Thursday. Liquidity Services, Inc. has a 52 week low of $12.50 and a 52 week high of $21.10. The company has a market capitalization of $564.62 million, a PE ratio of 30.63 and a beta of 1.34. The stock’s fifty day moving average is $17.41 and its two-hundred day moving average is $18.14.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The company had revenue of $71.33 million during the quarter.

Insiders Place Their Bets

In related news, Director George H. Ellis sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the completion of the sale, the director now owns 19,402 shares in the company, valued at $339,535. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 29.77% of the company’s stock.

Analyst Upgrades and Downgrades

LQDT has been the subject of a number of analyst reports. TheStreet downgraded shares of Liquidity Services from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Barrington Research reiterated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Thursday, February 8th. Finally, StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th.

Liquidity Services Company 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.