Liquidity Services, Inc. (LQDT) Stake Increased by Prudential Financial Inc.

Prudential Financial Inc. grew its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 13.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,838 shares of the business services provider’s stock after acquiring an additional 7,300 shares during the quarter. Prudential Financial Inc. owned about 0.19% of Liquidity Services worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in shares of Liquidity Services by 11.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,623,999 shares of the business services provider’s stock valued at $12,992,000 after acquiring an additional 171,200 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Liquidity Services by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock valued at $10,477,000 after acquiring an additional 71,139 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Liquidity Services by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 792,340 shares of the business services provider’s stock valued at $6,338,000 after acquiring an additional 38,478 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Liquidity Services by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 269,032 shares of the business services provider’s stock valued at $1,708,000 after acquiring an additional 6,036 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of Liquidity Services by 3.3% during the 1st quarter. Morgan Stanley now owns 240,482 shares of the business services provider’s stock valued at $1,924,000 after acquiring an additional 7,731 shares during the last quarter. 67.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liquidity Services, Inc. (NASDAQ LQDT) opened at 5.95 on Thursday. The stock’s 50 day moving average is $5.84 and its 200-day moving average is $6.55. Liquidity Services, Inc. has a one year low of $5.50 and a one year high of $10.50. The stock’s market cap is $187.44 million.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.03. Liquidity Services had a negative return on equity of 16.59% and a negative net margin of 27.52%. The business had revenue of $65.50 million for the quarter, compared to analyst estimates of $79.56 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was down 23.1% on a year-over-year basis. On average, equities analysts forecast that Liquidity Services, Inc. will post ($0.91) EPS for the current year.

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A number of brokerages have recently issued reports on LQDT. Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Robert W. Baird reaffirmed a “neutral” rating on shares of Liquidity Services in a report on Monday, July 3rd. Finally, ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

In related news, insider James M. Rallo sold 15,270 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $5.80, for a total value of $88,566.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Roger Gravley sold 8,545 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total value of $49,561.00. Following the completion of the sale, the insider now owns 9,702 shares in the company, valued at approximately $56,271.60. The disclosure for this sale can be found here. 22.30% of the stock is currently owned by insiders.

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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