Liquidity Services, Inc. (NASDAQ:LQDT) Stake Boosted by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 419,600 shares of the business services provider’s stock after purchasing an additional 4,100 shares during the period. Wellington Management Group LLP’s holdings in Liquidity Services were worth $7,221,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Access Investment Management LLC bought a new position in Liquidity Services during the fourth quarter worth $775,000. Mesirow Financial Investment Management Inc. lifted its stake in Liquidity Services by 43.4% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 20,734 shares of the business services provider’s stock worth $346,000 after purchasing an additional 6,277 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Liquidity Services by 4.8% during the third quarter. Lazard Asset Management LLC now owns 21,562 shares of the business services provider’s stock worth $379,000 after purchasing an additional 980 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Liquidity Services in the fourth quarter worth $900,000. Finally, Dimensional Fund Advisors LP increased its position in Liquidity Services by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock worth $19,630,000 after buying an additional 7,868 shares during the period. 71.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LQDT. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, May 28th. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th.

Liquidity Services Price Performance

Shares of NASDAQ LQDT opened at $19.98 on Friday. The firm has a market capitalization of $609.03 million, a PE ratio of 30.74 and a beta of 1.35. Liquidity Services, Inc. has a 1-year low of $13.99 and a 1-year high of $21.10. The business’s fifty day moving average price is $18.94 and its two-hundred day moving average price is $17.97.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $91.45 million for the quarter. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. During the same period last year, the business posted $0.20 earnings per share.

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.