Liquidity Services, Inc. (NASDAQ:LQDT) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC boosted its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 777,960 shares of the business services provider’s stock after acquiring an additional 63,571 shares during the quarter. Silvercrest Asset Management Group LLC owned 2.55% of Liquidity Services worth $14,470,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in Liquidity Services in the 4th quarter valued at approximately $50,000. AJOVista LLC acquired a new stake in Liquidity Services in the 4th quarter valued at approximately $53,000. Quest Partners LLC acquired a new stake in Liquidity Services in the 4th quarter valued at approximately $126,000. Jupiter Asset Management Ltd. acquired a new stake in Liquidity Services in the 1st quarter valued at approximately $202,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Liquidity Services in the 4th quarter valued at approximately $193,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on LQDT shares. Barrington Research restated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, May 28th. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 13th.

Liquidity Services Stock Up 0.6 %

NASDAQ LQDT traded up $0.14 on Tuesday, reaching $22.28. 71,080 shares of the stock traded hands, compared to its average volume of 121,941. The firm’s fifty day simple moving average is $19.88 and its 200 day simple moving average is $18.48. The company has a market cap of $679.09 million, a price-to-earnings ratio of 34.06 and a beta of 1.35. Liquidity Services, Inc. has a 12 month low of $13.99 and a 12 month high of $22.53.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $91.45 million during the quarter. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. During the same period in the prior year, the business earned $0.20 earnings per share.

Liquidity Services Company 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.