Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,226 shares of the business services provider’s stock after selling 1,447 shares during the period. New York State Teachers Retirement System owned approximately 0.16% of Liquidity Services worth $830,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LQDT. Values First Advisors Inc. grew its stake in shares of Liquidity Services by 3.4% in the 4th quarter. Values First Advisors Inc. now owns 43,768 shares of the business services provider’s stock worth $753,000 after purchasing an additional 1,446 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Liquidity Services by 119.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 232,170 shares of the business services provider’s stock worth $3,996,000 after purchasing an additional 126,156 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Liquidity Services by 72.6% in the 4th quarter. Pacer Advisors Inc. now owns 548,550 shares of the business services provider’s stock worth $9,441,000 after purchasing an additional 230,755 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its stake in shares of Liquidity Services by 43.4% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 20,734 shares of the business services provider’s stock worth $346,000 after purchasing an additional 6,277 shares during the last quarter. Finally, North Star Investment Management Corp. grew its stake in shares of Liquidity Services by 103.8% in the 4th quarter. North Star Investment Management Corp. now owns 173,175 shares of the business services provider’s stock worth $2,980,000 after purchasing an additional 88,200 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Price Performance

Liquidity Services stock opened at $16.91 on Friday. The firm’s 50 day simple moving average is $17.69 and its 200-day simple moving average is $18.18. The company has a market cap of $519.48 million, a P/E ratio of 28.18 and a beta of 1.34. Liquidity Services, Inc. has a fifty-two week low of $12.62 and a fifty-two week high of $21.10.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 8th. The business services provider reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $71.33 million during the quarter. Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LQDT. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. TheStreet downgraded shares of Liquidity Services from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Thursday, February 8th.

Insider Buying and Selling

In related news, Director George H. Ellis sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00. Following the completion of the sale, the director now directly owns 19,402 shares in the company, valued at $339,535. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 29.77% of the stock is currently owned by corporate insiders.

Liquidity Services 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.