Mesirow Financial Investment Management Inc. Sells 4,821 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Mesirow Financial Investment Management Inc. decreased its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 23.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,913 shares of the business services provider’s stock after selling 4,821 shares during the period. Mesirow Financial Investment Management Inc. owned 0.05% of Liquidity Services worth $296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Wellington Management Group LLP increased its position in shares of Liquidity Services by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock valued at $7,221,000 after acquiring an additional 4,100 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in Liquidity Services by 16.9% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 48,967 shares of the business services provider’s stock worth $843,000 after purchasing an additional 7,069 shares during the last quarter. Quest Partners LLC purchased a new stake in Liquidity Services in the fourth quarter worth approximately $126,000. Dynamic Technology Lab Private Ltd purchased a new stake in Liquidity Services in the fourth quarter worth approximately $471,000. Finally, Panagora Asset Management Inc. boosted its holdings in Liquidity Services by 34.1% in the fourth quarter. Panagora Asset Management Inc. now owns 103,158 shares of the business services provider’s stock worth $1,775,000 after purchasing an additional 26,257 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

Liquidity Services Trading Down 0.9 %

Liquidity Services stock traded down $0.18 during trading on Wednesday, reaching $19.79. The company had a trading volume of 86,948 shares, compared to its average volume of 125,083. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $21.10. The firm’s 50-day simple moving average is $19.05 and its 200 day simple moving average is $18.01. The firm has a market capitalization of $603.20 million, a price-to-earnings ratio of 30.72 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, May 9th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. The company had revenue of $91.45 million for the quarter. During the same period in the prior year, the business posted $0.20 earnings per share.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a report on Tuesday, May 28th. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th.

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.