Staley Capital Advisers Inc. Cuts Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Staley Capital Advisers Inc. lessened its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 27.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,912 shares of the business services provider’s stock after selling 350,988 shares during the period. Liquidity Services comprises about 1.3% of Staley Capital Advisers Inc.’s portfolio, making the stock its 24th largest holding. Staley Capital Advisers Inc. owned 3.06% of Liquidity Services worth $29,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of LQDT. Vanguard Group Inc. boosted its holdings in Liquidity Services by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 1,830,024 shares of the business services provider’s stock worth $56,749,000 after buying an additional 107,312 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Liquidity Services by 651.4% in the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock worth $25,790,000 after buying an additional 692,390 shares during the last quarter. Royce & Associates LP boosted its holdings in Liquidity Services by 281.9% in the 1st quarter. Royce & Associates LP now owns 540,928 shares of the business services provider’s stock worth $16,774,000 after buying an additional 399,279 shares during the last quarter. Invesco Ltd. boosted its holdings in Liquidity Services by 243.1% in the 1st quarter. Invesco Ltd. now owns 405,489 shares of the business services provider’s stock worth $12,574,000 after buying an additional 287,301 shares during the last quarter. Finally, CenterBook Partners LP acquired a new stake in Liquidity Services in the 1st quarter worth about $8,682,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $23.97 on Monday. The stock has a market cap of $748.37 million, a P/E ratio of 28.88 and a beta of 1.21. The stock’s 50 day simple moving average is $24.14 and its 200-day simple moving average is $28.46. Liquidity Services, Inc. has a 1-year low of $21.00 and a 1-year high of $39.72.

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

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.