Willis Investment Counsel Has $1.18 Million Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Willis Investment Counsel grew its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 5.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 51,520 shares of the business services provider’s stock after acquiring an additional 2,795 shares during the period. Willis Investment Counsel’s holdings in Liquidity Services were worth $1,175,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Liquidity Services by 19.2% in the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock worth $67,000 after purchasing an additional 540 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Liquidity Services in the 2nd quarter worth approximately $87,000. Jupiter Asset Management Ltd. acquired a new position in shares of Liquidity Services in the 1st quarter worth approximately $202,000. SG Americas Securities LLC bought a new position in shares of Liquidity Services during the 3rd quarter worth approximately $298,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Liquidity Services by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock valued at $389,000 after buying an additional 870 shares in the last quarter. 71.15% of the stock is owned by institutional investors.

Liquidity Services Stock Up 2.9 %

NASDAQ:LQDT opened at $22.50 on Monday. The firm has a market cap of $686.93 million, a PE ratio of 35.71 and a beta of 1.38. Liquidity Services, Inc. has a 12 month low of $13.99 and a 12 month high of $23.66. The company’s 50-day moving average price is $22.05 and its two-hundred day moving average price is $20.25.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The business had revenue of $93.61 million for the quarter. During the same quarter last year, the company earned $0.28 earnings per share.

Insider Transactions at Liquidity Services

In related news, VP Mark A. Shaffer sold 13,314 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $22.56, for a total transaction of $300,363.84. Following the transaction, the vice president now owns 38,415 shares in the company, valued at $866,642.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Mark A. Shaffer sold 7,673 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $21.94, for a total value of $168,345.62. Following the completion of the sale, the vice president now owns 46,461 shares of the company’s stock, valued at $1,019,354.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Mark A. Shaffer sold 13,314 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $22.56, for a total value of $300,363.84. Following the transaction, the vice president now directly owns 38,415 shares in the company, valued at approximately $866,642.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,345 shares of company stock worth $3,462,918. Insiders own 29.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Liquidity Services

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.