Intech Investment Management LLC Invests $518,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Intech Investment Management LLC purchased a new stake in Liquidity Services, Inc. (NASDAQ:LQDT) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 22,700 shares of the business services provider’s stock, valued at approximately $518,000.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new position in shares of Liquidity Services in the third quarter valued at approximately $463,000. Royce & Associates LP acquired a new position in Liquidity Services in the 3rd quarter valued at $488,000. Rice Hall James & Associates LLC lifted its holdings in Liquidity Services by 1.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after purchasing an additional 4,838 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Liquidity Services by 4.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock worth $5,420,000 after purchasing an additional 11,022 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Liquidity Services during the third quarter worth $1,311,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barrington Research restated 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 Price Performance

LQDT stock opened at $25.57 on Monday. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $25.85. The firm has a market capitalization of $780.70 million, a PE ratio of 40.59 and a beta of 1.39. The business has a 50 day simple moving average of $23.22 and a 200-day simple moving average of $21.61.

Insiders Place Their Bets

In related news, CFO Jorge Celaya sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the sale, the chief financial officer now directly owns 52,407 shares in the company, valued at approximately $1,154,526.21. This trade represents a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Daunt sold 41,454 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $21.75, for a total transaction of $901,624.50. Following the completion of the transaction, the executive vice president now owns 50,712 shares in the company, valued at $1,102,986. The trade was a 44.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,105 shares of company stock valued at $1,349,177. Insiders own 29.77% of the company’s stock.

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.