Mackenzie Financial Corp Purchases 2,968 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Mackenzie Financial Corp boosted its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 23.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,370 shares of the business services provider’s stock after purchasing an additional 2,968 shares during the quarter. Mackenzie Financial Corp’s holdings in Liquidity Services were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in Liquidity Services by 72.6% in the 4th quarter. Pacer Advisors Inc. now owns 548,550 shares of the business services provider’s stock valued at $9,441,000 after acquiring an additional 230,755 shares in the last quarter. Wellington Management Group LLP raised its holdings in Liquidity Services by 7.0% in the 3rd quarter. Wellington Management Group LLP now owns 415,500 shares of the business services provider’s stock valued at $7,321,000 after acquiring an additional 27,200 shares in the last quarter. Punch & Associates Investment Management Inc. raised its holdings in Liquidity Services by 3.6% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 357,500 shares of the business services provider’s stock valued at $6,299,000 after acquiring an additional 12,500 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Liquidity Services by 33.6% in the 3rd quarter. Acadian Asset Management LLC now owns 339,200 shares of the business services provider’s stock valued at $5,972,000 after acquiring an additional 85,356 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Liquidity Services by 119.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 232,170 shares of the business services provider’s stock valued at $3,996,000 after acquiring an additional 126,156 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the completion of the transaction, the director now owns 19,402 shares of the company’s stock, valued at approximately $339,535. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 29.77% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LQDT shares. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a report on Thursday, February 8th. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Finally, TheStreet cut Liquidity Services from a “b-” rating to a “c+” rating in a report on Thursday, February 8th.

Liquidity Services Stock Performance

Liquidity Services stock opened at $17.42 on Monday. Liquidity Services, Inc. has a 52 week low of $12.69 and a 52 week high of $21.10. The stock has a market capitalization of $535.14 million, a P/E ratio of 29.03 and a beta of 1.34. The stock has a fifty day moving average of $17.80 and a 200-day moving average of $18.09.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The firm had revenue of $71.33 million during the quarter.

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.