Boston Partners Sells 112,560 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Boston Partners decreased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 33.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 223,251 shares of the business services provider’s stock after selling 112,560 shares during the quarter. Boston Partners’ holdings in Liquidity Services were worth $1,652,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Liquidity Services by 18.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,369 shares of the business services provider’s stock worth $56,000 after buying an additional 1,457 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Liquidity Services during the 2nd quarter worth $67,000. Citadel Advisors LLC bought a new position in shares of Liquidity Services during the 2nd quarter worth $123,000. D. E. Shaw & Co. Inc. grew its position in shares of Liquidity Services by 10.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 25,018 shares of the business services provider’s stock worth $152,000 after buying an additional 2,402 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Liquidity Services by 124.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 20,616 shares of the business services provider’s stock worth $152,000 after buying an additional 11,435 shares in the last quarter. 70.18% of the stock is currently owned by institutional investors and hedge funds.

LQDT opened at $6.81 on Tuesday. Liquidity Services, Inc. has a 12-month low of $5.49 and a 12-month high of $9.16. The business’s fifty day simple moving average is $6.58 and its 200-day simple moving average is $6.61. The company has a market capitalization of $232.19 million, a price-to-earnings ratio of -13.62 and a beta of 1.10.

LQDT has been the topic of a number of recent research reports. BidaskClub downgraded Liquidity Services from a “buy” rating to a “hold” rating in a research report on Saturday, September 21st. Zacks Investment Research downgraded Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, ValuEngine downgraded Liquidity Services from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.63.

Liquidity Services Profile

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

Further Reading: Quiet Period Expirations

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Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

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