Hillsdale Investment Management Inc. Raises Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Hillsdale Investment Management Inc. raised its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 192,908 shares of the business services provider’s stock after purchasing an additional 1,400 shares during the period. Hillsdale Investment Management Inc.’s holdings in Liquidity Services were worth $6,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LQDT. Quest Partners LLC purchased a new stake in Liquidity Services in the third quarter valued at approximately $463,000. Intech Investment Management LLC purchased a new stake in Liquidity Services in the third quarter valued at approximately $518,000. Pacer Advisors Inc. lifted its stake in Liquidity Services by 9.5% in the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after buying an additional 76,794 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Liquidity Services by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider’s stock valued at $4,612,000 after buying an additional 6,341 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Liquidity Services in the third quarter valued at approximately $496,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Liquidity Services Price Performance

Shares of LQDT stock opened at $31.60 on Friday. The business’s fifty day moving average price is $33.54 and its 200 day moving average price is $28.24. Liquidity Services, Inc. has a 1-year low of $16.79 and a 1-year high of $39.72. The firm has a market capitalization of $980.83 million, a PE ratio of 42.13 and a beta of 1.26.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping 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%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CFO Jorge Celaya sold 7,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00. Following the transaction, the chief financial officer now owns 27,275 shares of the company’s stock, valued at $963,625.75. This represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Mark A. Shaffer sold 6,005 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total value of $213,717.95. Following the transaction, the vice president now directly owns 36,083 shares in the company, valued at $1,284,193.97. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 72,658 shares of company stock valued at $2,508,408 over the last quarter. Company insiders own 28.40% of the company’s stock.

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.