GAMMA Investing LLC Boosts Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

GAMMA Investing LLC boosted its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 11.2% in the 4th quarter, Holdings Channel reports. The fund owned 4,849 shares of the business services provider’s stock after acquiring an additional 487 shares during the quarter. GAMMA Investing LLC’s holdings in Liquidity Services were worth $157,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of Liquidity Services by 6.9% during the 2nd quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 3,700 shares during the period. Acadian Asset Management LLC raised its stake in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after purchasing an additional 68,407 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services during the second quarter worth about $87,000. Rice Hall James & Associates LLC boosted its holdings in Liquidity Services by 6.7% in the 2nd quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider’s stock valued at $7,242,000 after purchasing an additional 22,626 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Liquidity Services by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider’s stock valued at $741,000 after buying an additional 4,037 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Activity at Liquidity Services

In other news, EVP John Daunt sold 4,546 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total transaction of $144,017.28. Following the completion of the sale, the executive vice president now owns 43,309 shares in the company, valued at $1,372,029.12. This represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward Kolodzieski sold 26,000 shares of Liquidity Services stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00. Following the completion of the transaction, the director now owns 19,229 shares in the company, valued at approximately $601,675.41. This trade represents a 57.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,668 shares of company stock valued at $3,331,558 over the last ninety days. Insiders own 29.77% of the company’s stock.

Liquidity Services Price Performance

Shares of NASDAQ LQDT opened at $33.99 on Thursday. The business has a 50-day moving average of $27.83 and a two-hundred day moving average of $23.77. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 53.95 and a beta of 1.37. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00.

Wall Street Analysts Forecast Growth

LQDT has been the topic of several research analyst reports. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st. Barrington Research reissued an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th. Finally, Craig Hallum increased their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 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.