Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lowered its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 23.3% in the first quarter, HoldingsChannel.com reports. The fund owned 15,913 shares of the business services provider’s stock after selling 4,821 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Liquidity Services were worth $296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in Liquidity Services by 72.6% in the fourth quarter. Pacer Advisors Inc. now owns 548,550 shares of the business services provider’s stock valued at $9,441,000 after purchasing an additional 230,755 shares during the period. Assenagon Asset Management S.A. grew its holdings in Liquidity Services by 119.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 232,170 shares of the business services provider’s stock valued at $3,996,000 after purchasing an additional 126,156 shares during the period. North Star Investment Management Corp. grew its holdings in Liquidity Services by 103.8% in the fourth quarter. North Star Investment Management Corp. now owns 173,175 shares of the business services provider’s stock valued at $2,980,000 after purchasing an additional 88,200 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Liquidity Services in the fourth quarter valued at approximately $900,000. Finally, Access Investment Management LLC purchased a new stake in Liquidity Services in the fourth quarter valued at approximately $775,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LQDT. 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 research note on Monday, May 13th.

Liquidity Services Stock Down 0.9 %

Shares of NASDAQ LQDT traded down $0.18 during trading on Wednesday, reaching $19.79. 86,948 shares of the stock were exchanged, compared to its average volume of 125,083. The business’s 50-day moving average price is $19.05 and its 200 day moving average price is $18.01. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $21.10. The company 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 posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $91.45 million for the quarter. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. During the same period in the prior year, the company earned $0.20 earnings per share.

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.