Bank of New York Mellon Corp Decreases Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Bank of New York Mellon Corp reduced its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 9.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 139,374 shares of the business services provider’s stock after selling 13,857 shares during the period. Bank of New York Mellon Corp’s holdings in Liquidity Services were worth $4,500,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in Liquidity Services in the 4th quarter valued at $66,000. GAMMA Investing LLC grew its holdings in shares of Liquidity Services by 11.2% during the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock worth $157,000 after buying an additional 487 shares in the last quarter. Longboard Asset Management LP purchased a new position in shares of Liquidity Services in the fourth quarter worth about $200,000. Yousif Capital Management LLC acquired a new position in Liquidity Services during the fourth quarter worth about $204,000. Finally, Linden Thomas Advisory Services LLC acquired a new position in Liquidity Services during the fourth quarter worth about $220,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Stock Performance

Shares of LQDT stock opened at $29.93 on Tuesday. The stock has a market capitalization of $929.00 million, a P/E ratio of 39.91 and a beta of 1.26. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The company has a 50 day moving average price of $33.79 and a 200 day moving average price of $28.08.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results 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 net margin of 6.37% and a return on equity of 20.94%.

Insider Activity at Liquidity Services

In other Liquidity Services news, Director Beatriz V. Infante sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $35.36, for a total transaction of $176,800.00. Following the completion of the sale, the director now directly owns 82,990 shares of the company’s stock, valued at approximately $2,934,526.40. This represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jorge Celaya sold 7,500 shares of Liquidity Services stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $35.33, for a total value of $264,975.00. Following the sale, the chief financial officer now owns 27,275 shares of the company’s stock, valued at approximately $963,625.75. This represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,658 shares of company stock valued at $3,321,948. Company insiders own 28.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LQDT. Barrington Research restated an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Tuesday, February 11th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Finally, Craig Hallum upped their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a 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.