Tiverton Asset Management LLC cut its holdings in shares of Liquidity Services (NASDAQ:LQDT) by 75.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,209 shares of the business services provider’s stock after selling 90,429 shares during the period. Tiverton Asset Management LLC owned about 0.09% of Liquidity Services worth $196,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Liquidity Services during the 4th quarter worth approximately $105,000. Trexquant Investment LP bought a new stake in Liquidity Services during the 1st quarter worth approximately $141,000. Citadel Advisors LLC bought a new stake in Liquidity Services during the 4th quarter worth approximately $115,000. Millennium Management LLC bought a new stake in Liquidity Services during the 4th quarter worth approximately $148,000. Finally, Elkfork Partners LLC bought a new stake in Liquidity Services during the 4th quarter worth approximately $164,000. Institutional investors and hedge funds own 67.01% of the company’s stock.
A number of equities research analysts recently commented on LQDT shares. Barrington Research upgraded Liquidity Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st. Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, ValuEngine lowered Liquidity Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 8th.
Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, May 3rd. The business services provider reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $43.10 million for the quarter, compared to analyst estimates of $60.16 million. Liquidity Services had a negative return on equity of 19.31% and a negative net margin of 12.72%. equities research analysts predict that Liquidity Services will post -0.71 earnings per share for the current fiscal year.
In other Liquidity Services news, insider Roger Gravley sold 12,385 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $6.23, for a total value of $77,158.55. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.30% of the stock is currently owned by company insiders.
Liquidity Services Profile
Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.
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