Pacer Advisors Inc. Purchases 76,794 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Pacer Advisors Inc. boosted its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 9.5% during the third quarter, Holdings Channel.com reports. The fund owned 881,234 shares of the business services provider’s stock after acquiring an additional 76,794 shares during the quarter. Pacer Advisors Inc.’s holdings in Liquidity Services were worth $20,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in shares of Liquidity Services during the third quarter valued at approximately $48,000. GAMMA Investing LLC boosted its stake in Liquidity Services by 19.2% during the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock worth $67,000 after buying an additional 540 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services during the second quarter worth $87,000. SG Americas Securities LLC purchased a new position in Liquidity Services during the third quarter worth $298,000. Finally, Quest Partners LLC purchased a new position in Liquidity Services during the third quarter worth $463,000. Institutional investors own 71.15% of the company’s stock.

Liquidity Services Stock Up 0.9 %

NASDAQ LQDT opened at $25.40 on Friday. The firm has a market capitalization of $775.46 million, a price-to-earnings ratio of 40.32 and a beta of 1.39. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $25.79. The company has a fifty day moving average of $22.95 and a two-hundred day moving average of $21.35.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research note on Monday, August 26th.

Insider Activity

In other news, CFO Jorge Celaya sold 3,248 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $21.51, for a total transaction of $69,864.48. Following the completion of the sale, the chief financial officer now directly owns 51,988 shares of the company’s stock, valued at approximately $1,118,261.88. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Daunt sold 21,073 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $22.18, for a total transaction of $467,399.14. Following the sale, the executive vice president now directly owns 58,854 shares of the company’s stock, valued at $1,305,381.72. This represents a 26.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,678 shares of company stock valued at $1,940,546. 29.77% of the stock is currently owned by company 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.