Legato Capital Management LLC Sells 9,496 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Legato Capital Management LLC lowered its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 23.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,874 shares of the business services provider’s stock after selling 9,496 shares during the period. Legato Capital Management LLC owned approximately 0.10% of Liquidity Services worth $1,029,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Liquidity Services by 11.2% during the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 487 shares during the period. Willis Investment Counsel grew its holdings in shares of Liquidity Services by 1.6% during the 4th quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider’s stock worth $1,689,000 after purchasing an additional 800 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Liquidity Services by 2.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider’s stock valued at $1,146,000 after purchasing an additional 900 shares during the period. Franklin Resources Inc. raised its stake in shares of Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 1,019 shares in the last quarter. Finally, R Squared Ltd bought a new position in Liquidity Services in the fourth quarter worth $66,000. Institutional investors own 71.15% of the company’s stock.

Liquidity Services Price Performance

Shares of LQDT stock opened at $35.55 on Thursday. The stock’s fifty day simple moving average is $32.85 and its 200 day simple moving average is $26.29. Liquidity Services, Inc. has a one year low of $15.79 and a one year high of $39.72. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analyst Ratings Changes

Several equities research analysts have issued reports on LQDT shares. Craig Hallum boosted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a research report on Tuesday.

Insider Activity at Liquidity Services

In related news, CFO Jorge Celaya sold 16,540 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total transaction of $564,014.00. Following the sale, the chief financial officer now directly owns 33,608 shares in the company, valued at $1,146,032.80. This represents a 32.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jaime Mateus-Tique sold 50,000 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the sale, the director now directly owns 103,660 shares of the company’s stock, valued at $3,443,585.20. This represents a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,388 shares of company stock valued at $4,915,191 in the last ninety days. Insiders own 28.40% of the company’s stock.

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.