Nkcfo LLC Makes New $856,000 Investment in Liquidity Services, Inc. (NASDAQ:LQDT)

Nkcfo LLC bought a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, Holdings Channel reports. The institutional investor bought 26,500 shares of the business services provider’s stock, valued at approximately $856,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LQDT. SG Americas Securities LLC bought a new position in Liquidity Services during the third quarter valued at $298,000. nVerses Capital LLC purchased a new stake in shares of Liquidity Services during the 3rd quarter valued at about $48,000. Allspring Global Investments Holdings LLC purchased a new position in Liquidity Services in the third quarter worth about $1,311,000. Assenagon Asset Management S.A. increased its stake in Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock worth $5,420,000 after acquiring an additional 11,022 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after purchasing an additional 4,838 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Edward Kolodzieski sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.29, for a total value of $813,540.00. Following the completion of the sale, the director now owns 19,229 shares in the company, valued at approximately $601,675.41. The trade was a 57.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jorge Celaya sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total value of $264,975.00. Following the transaction, the chief financial officer now owns 27,275 shares in the company, valued at $963,625.75. The trade was a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,388 shares of company stock valued at $5,263,991 in the last 90 days. Company insiders own 28.40% of the company’s stock.

Liquidity Services Stock Performance

LQDT opened at $36.48 on Friday. Liquidity Services, Inc. has a one year low of $16.58 and a one year high of $39.72. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 48.64 and a beta of 1.36. The stock’s 50 day moving average price is $33.29 and its 200-day moving average price is $26.48.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LQDT shares. Barrington Research reiterated an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a report on Tuesday, February 11th. Craig Hallum lifted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th.

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.