Ameriprise Financial Inc. Boosts Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Ameriprise Financial Inc. increased its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 5.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 127,818 shares of the business services provider’s stock after buying an additional 6,408 shares during the period. Ameriprise Financial Inc. owned about 0.41% of Liquidity Services worth $1,023,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Sei Investments Co. boosted its stake in Liquidity Services by 414.1% in the first quarter. Sei Investments Co. now owns 24,328 shares of the business services provider’s stock valued at $195,000 after buying an additional 19,596 shares in the last quarter. Staley Capital Advisers Inc. boosted its stake in Liquidity Services by 17.4% in the first quarter. Staley Capital Advisers Inc. now owns 2,425,000 shares of the business services provider’s stock valued at $19,400,000 after buying an additional 360,000 shares in the last quarter. Comerica Bank boosted its stake in Liquidity Services by 6.1% in the first quarter. Comerica Bank now owns 26,936 shares of the business services provider’s stock valued at $213,000 after buying an additional 1,544 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Liquidity Services by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 262,996 shares of the business services provider’s stock valued at $2,104,000 after buying an additional 945 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its stake in Liquidity Services by 10.6% in the first quarter. Thompson Investment Management Inc. now owns 61,790 shares of the business services provider’s stock valued at $494,000 after buying an additional 5,920 shares in the last quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liquidity Services, Inc. (LQDT) opened at 6.40 on Tuesday. Liquidity Services, Inc. has a 52-week low of $6.05 and a 52-week high of $11.49. The company’s market capitalization is $201.50 million. The company has a 50-day moving average of $6.52 and a 200 day moving average of $8.09.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, May 4th. The business services provider reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.07. The business had revenue of $72.33 million during the quarter, compared to analysts’ expectations of $81.14 million. Liquidity Services had a negative net margin of 22.99% and a negative return on equity of 10.82%. The business’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period last year, the company posted $0.04 earnings per share. Analysts predict that Liquidity Services, Inc. will post ($0.81) earnings per share for the current year.

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Several equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Robert W. Baird reaffirmed a “neutral” rating on shares of Liquidity Services in a research report on Monday, July 3rd. Finally, ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.

Liquidity Services Company Profile

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

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