Counterpoint Mutual Funds LLC Invests $330,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Counterpoint Mutual Funds LLC acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 10,221 shares of the business services provider’s stock, valued at approximately $330,000.

A number of other hedge funds have also modified their holdings of the business. Royce & Associates LP increased its stake in shares of Liquidity Services by 561.2% during the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after purchasing an additional 120,226 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Liquidity Services during the 4th quarter worth approximately $2,743,000. Arizona State Retirement System purchased a new position in shares of Liquidity Services during the 4th quarter worth approximately $214,000. Charles Schwab Investment Management Inc. increased its stake in shares of Liquidity Services by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider’s stock worth $6,631,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Access Investment Management LLC increased its stake in shares of Liquidity Services by 0.4% during the 4th quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider’s stock worth $2,675,000 after purchasing an additional 345 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Liquidity Services Stock Performance

Shares of NASDAQ LQDT opened at $29.93 on Tuesday. The firm has a market cap of $929.00 million, a P/E ratio of 39.91 and a beta of 1.26. The firm’s 50 day moving average price is $33.79 and its 200 day moving average price is $28.08. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72.

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

Wall Street Analysts Forecast Growth

LQDT has been the subject of a number of recent research reports. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday, February 11th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Craig Hallum raised their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

Insider Buying and Selling at Liquidity Services

In related news, SVP Steven Weiskircher sold 10,815 shares of Liquidity Services stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.99, for a total transaction of $367,601.85. Following the transaction, the senior vice president now owns 58,401 shares in the company, valued at approximately $1,985,049.99. The trade was a 15.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Edward Kolodzieski sold 26,000 shares of Liquidity Services stock in a transaction on Friday, December 20th. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00. Following the transaction, the director now owns 19,229 shares in the company, valued at $601,675.41. The trade was a 57.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 98,658 shares of company stock worth $3,321,948 in the last quarter. 28.40% of the stock is owned by insiders.

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.