Liquidity Services, Inc. (NASDAQ:LQDT) Holdings Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 34.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 577,650 shares of the business services provider’s stock after selling 303,584 shares during the quarter. Pacer Advisors Inc.’s holdings in Liquidity Services were worth $18,652,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LQDT. American Century Companies Inc. raised its position in shares of Liquidity Services by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 37,110 shares of the business services provider’s stock worth $741,000 after purchasing an additional 4,037 shares during the period. Sei Investments Co. increased its position in Liquidity Services by 9.2% in the second quarter. Sei Investments Co. now owns 198,886 shares of the business services provider’s stock worth $3,974,000 after buying an additional 16,736 shares during the period. Public Sector Pension Investment Board lifted its stake in Liquidity Services by 5.2% in the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after buying an additional 2,430 shares during the last quarter. SG Americas Securities LLC bought a new stake in Liquidity Services in the third quarter valued at $298,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 1,005 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Trading Up 3.1 %

Liquidity Services stock opened at $37.61 on Wednesday. The company’s 50-day moving average price is $30.95 and its two-hundred day moving average price is $25.31. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 59.70 and a beta of 1.37. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $37.70.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, December 12th. The business services provider reported $0.32 EPS for the quarter. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%. During the same quarter in the previous year, the business earned $0.26 EPS.

Insider Activity

In related news, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the completion of the sale, the director now directly owns 17,229 shares of the company’s stock, valued at $549,605.10. This represents a 10.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Daunt sold 4,546 shares of Liquidity Services stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total transaction of $144,017.28. Following the completion of the transaction, the executive vice president now owns 43,309 shares in the company, valued at approximately $1,372,029.12. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 101,668 shares of company stock worth $3,331,558 over the last 90 days. 29.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LQDT. Craig Hallum lifted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a report on Tuesday, December 10th. Finally, StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st.

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.