Allspring Global Investments Holdings LLC Takes $1.31 Million Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 57,514 shares of the business services provider’s stock, valued at approximately $1,311,000.

Several other large investors have also recently modified their holdings of LQDT. Vanguard Group Inc. increased its holdings in shares of Liquidity Services by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock valued at $33,875,000 after purchasing an additional 52,997 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in Liquidity Services by 8.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock valued at $14,470,000 after acquiring an additional 63,571 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after acquiring an additional 68,407 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in shares of Liquidity Services by 6.7% in the second quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider’s stock worth $7,242,000 after acquiring an additional 22,626 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in shares of Liquidity Services by 8.5% during the first quarter. Hillsdale Investment Management Inc. now owns 285,308 shares of the business services provider’s stock worth $5,307,000 after purchasing an additional 22,470 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a research report on Monday, August 26th.

Liquidity Services Stock Performance

Shares of LQDT opened at $21.62 on Thursday. The stock has a 50 day moving average price of $22.14 and a 200 day moving average price of $20.57. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $23.66. The stock has a market capitalization of $660.10 million, a price-to-earnings ratio of 34.32 and a beta of 1.38.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The business had revenue of $93.61 million for the quarter. During the same quarter in the prior year, the firm earned $0.28 earnings per share.

Insider Buying and Selling at Liquidity Services

In other news, VP Mark A. Shaffer sold 13,314 shares of Liquidity Services stock in a transaction on Monday, August 19th. The stock was sold at an average price of $22.56, for a total value of $300,363.84. Following the completion of the sale, the vice president now directly owns 38,415 shares of the company’s stock, valued at approximately $866,642.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Mark A. Shaffer sold 13,314 shares of Liquidity Services stock in a transaction on Monday, August 19th. The stock was sold at an average price of $22.56, for a total value of $300,363.84. Following the completion of the transaction, the vice president now directly owns 38,415 shares in the company, valued at approximately $866,642.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George H. Ellis sold 5,500 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.54, for a total value of $123,970.00. Following the transaction, the director now directly owns 13,902 shares of the company’s stock, valued at approximately $313,351.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,345 shares of company stock valued at $3,462,918 over the last 90 days. 29.77% of the stock is owned by insiders.

About Liquidity Services

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.