Dynamic Technology Lab Private Ltd Purchases Shares of 21,766 Liquidity Services, Inc. (NASDAQ:LQDT)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 21,766 shares of the business services provider’s stock, valued at approximately $496,000. Dynamic Technology Lab Private Ltd owned approximately 0.07% of Liquidity Services at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LQDT. nVerses Capital LLC purchased a new position in Liquidity Services during the third quarter valued at approximately $48,000. GAMMA Investing LLC lifted its holdings in Liquidity Services by 19.2% during the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 540 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services during the second quarter valued at approximately $87,000. SG Americas Securities LLC bought a new stake in shares of Liquidity Services during the third quarter valued at approximately $298,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Liquidity Services by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock valued at $389,000 after buying an additional 870 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Insider Activity

In related news, EVP John Daunt sold 41,454 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $21.75, for a total value of $901,624.50. Following the sale, the executive vice president now owns 50,712 shares in the company, valued at approximately $1,102,986. The trade was a 44.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jorge Celaya sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the sale, the chief financial officer now owns 52,407 shares in the company, valued at $1,154,526.21. This represents a 16.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,105 shares of company stock worth $1,349,177 over the last quarter. Insiders own 29.77% of the company’s stock.

Analyst Upgrades and Downgrades

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

Liquidity Services Price Performance

Liquidity Services stock opened at $25.57 on Friday. The stock has a market cap of $780.65 million, a P/E ratio of 40.57 and a beta of 1.39. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $25.85. The firm’s 50 day moving average price is $23.17 and its 200-day moving average price is $21.54.

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.