Victory Capital Management Inc. Purchases 3,700 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Victory Capital Management Inc. boosted its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 6.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,606 shares of the business services provider’s stock after purchasing an additional 3,700 shares during the quarter. Victory Capital Management Inc. owned approximately 0.19% of Liquidity Services worth $1,151,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LQDT. Silvercrest Asset Management Group LLC raised its holdings in Liquidity Services by 8.9% in the first quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock worth $14,470,000 after purchasing an additional 63,571 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Liquidity Services by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock worth $33,875,000 after purchasing an additional 52,997 shares during the last quarter. Access Investment Management LLC increased its holdings in Liquidity Services by 81.7% in the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock valued at $1,645,000 after buying an additional 37,010 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Liquidity Services by 7.2% in the first quarter. Acadian Asset Management LLC now owns 435,193 shares of the business services provider’s stock valued at $8,089,000 after buying an additional 29,070 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Liquidity Services in the fourth quarter valued at $471,000. 71.15% of the stock is currently owned by institutional investors.

Liquidity Services Trading Up 1.6 %

LQDT opened at $23.34 on Friday. The firm has a market capitalization of $711.45 million, a PE ratio of 35.91 and a beta of 1.37. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $23.66. The firm’s 50-day moving average price is $21.65 and its 200 day moving average price is $19.70.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $93.61 million for the quarter. Liquidity Services had a net margin of 5.91% and a return on equity of 18.47%. During the same quarter in the previous year, the firm earned $0.28 earnings per share.

Insider Buying and Selling at Liquidity Services

In other news, VP Mark A. Shaffer sold 13,314 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $22.56, for a total value of $300,363.84. Following the sale, the vice president now directly owns 38,415 shares of the company’s stock, valued at approximately $866,642.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Mark A. Shaffer sold 13,314 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $22.56, for a total transaction of $300,363.84. Following the sale, the vice president now directly owns 38,415 shares of the company’s stock, valued at approximately $866,642.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jorge Celaya sold 3,248 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $21.51, for a total transaction of $69,864.48. Following the sale, the chief financial officer now directly owns 51,988 shares in the company, valued at $1,118,261.88. The disclosure for this sale can be found here. Insiders have sold 157,345 shares of company stock worth $3,462,918 in the last ninety days. 29.77% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday, August 26th.

Liquidity Services Profile

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.