231,500 Shares in Liquidity Services, Inc. (LQDT) Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. bought a new stake in Liquidity Services, Inc. (NASDAQ:LQDT) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 231,500 shares of the business services provider’s stock, valued at approximately $1,470,000. Russell Investments Group Ltd. owned 0.72% of Liquidity Services at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Liquidity Services by 6.3% in the second quarter. BlackRock Inc. now owns 3,607,985 shares of the business services provider’s stock valued at $23,632,000 after buying an additional 214,894 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Liquidity Services by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,434,945 shares of the business services provider’s stock valued at $9,399,000 after buying an additional 114,540 shares in the last quarter. Roumell Asset Management LLC raised its stake in Liquidity Services by 7.9% in the second quarter. Roumell Asset Management LLC now owns 958,259 shares of the business services provider’s stock valued at $6,277,000 after buying an additional 69,931 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Liquidity Services by 23.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,111 shares of the business services provider’s stock valued at $853,000 after buying an additional 24,529 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Liquidity Services by 0.8% in the second quarter. Renaissance Technologies LLC now owns 2,184,196 shares of the business services provider’s stock valued at $14,306,000 after buying an additional 17,307 shares in the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Liquidity Services stock opened at $6.80 on Friday. Liquidity Services, Inc. has a 1-year low of $4.34 and a 1-year high of $8.00.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, December 6th. The business services provider reported ($0.14) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.14). Liquidity Services had a negative return on equity of 11.97% and a negative net margin of 5.60%. The company had revenue of $52.71 million for the quarter, compared to analysts’ expectations of $48.36 million.

In other news, insider James M. Rallo sold 6,737 shares of Liquidity Services stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $5.91, for a total transaction of $39,815.67. Following the sale, the insider now owns 16,059 shares in the company, valued at $94,908.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roger Gravley sold 6,587 shares of Liquidity Services stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $5.28, for a total value of $34,779.36. Following the sale, the insider now owns 5,939 shares in the company, valued at approximately $31,357.92. The disclosure for this sale can be found here. Insiders have sold 19,808 shares of company stock worth $111,064 in the last quarter. Insiders own 22.30% of the company’s stock.

A number of research firms have weighed in on LQDT. ValuEngine upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research note on Friday, October 12th. Barrington Research restated a “buy” rating and issued a $10.00 price target on shares of Liquidity Services in a research note on Monday, December 3rd. Finally, Zacks Investment Research cut Liquidity Services from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 4th.

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

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