Liquidity Services, Inc. (NASDAQ:LQDT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 205,353 shares of the business services provider’s stock after buying an additional 3,077 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Liquidity Services were worth $6,631,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of LQDT. Access Investment Management LLC lifted its holdings in Liquidity Services by 0.4% in the fourth quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider’s stock worth $2,675,000 after acquiring an additional 345 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Liquidity Services by 3.0% during the 4th quarter. Principal Financial Group Inc. now owns 108,687 shares of the business services provider’s stock worth $3,510,000 after purchasing an additional 3,181 shares during the period. Nkcfo LLC acquired a new stake in shares of Liquidity Services during the 4th quarter worth approximately $856,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Liquidity Services by 107.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock worth $3,856,000 after purchasing an additional 61,918 shares during the last quarter. Finally, Eagle Ridge Investment Management acquired a new position in Liquidity Services during the 4th quarter valued at approximately $276,000. Institutional investors own 71.15% of the company’s stock.

Insider Buying and Selling

In related news, VP Mark A. Shaffer sold 6,005 shares of Liquidity Services stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total value of $213,717.95. Following the transaction, the vice president now directly owns 36,083 shares in the company, valued at $1,284,193.97. The trade was a 14.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Novelette Murray sold 7,938 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the sale, the insider now directly owns 36,181 shares in the company, valued at $1,228,706.76. This trade represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,658 shares of company stock valued at $2,444,608 over the last three months. Company insiders own 28.40% of the company’s stock.

Analyst Ratings Changes

LQDT has been the topic of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th. Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Liquidity Services Stock Up 3.6 %

Shares of NASDAQ LQDT opened at $32.73 on Tuesday. The stock has a market cap of $1.02 billion, a P/E ratio of 43.64 and a beta of 1.26. The firm’s 50-day simple moving average is $33.53 and its 200 day simple moving average is $28.42. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

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.