Penserra Capital Management LLC Sells 44,568 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Penserra Capital Management LLC lowered its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 18.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,157 shares of the business services provider’s stock after selling 44,568 shares during the period. Penserra Capital Management LLC owned approximately 0.63% of Liquidity Services worth $4,403,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its stake in Liquidity Services by 19.2% during the 2nd quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock worth $67,000 after acquiring an additional 540 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Liquidity Services by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock worth $389,000 after purchasing an additional 870 shares during the period. nVerses Capital LLC bought a new position in shares of Liquidity Services during the third quarter worth $48,000. Public Sector Pension Investment Board grew its holdings in shares of Liquidity Services by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock valued at $978,000 after buying an additional 2,430 shares during the period. Finally, Willis Investment Counsel increased its position in shares of Liquidity Services by 5.7% in the 3rd quarter. Willis Investment Counsel now owns 51,520 shares of the business services provider’s stock valued at $1,175,000 after buying an additional 2,795 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jorge Celaya sold 10,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the sale, the chief financial officer now owns 52,407 shares of the company’s stock, valued at $1,154,526.21. The trade was a 16.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Daunt sold 7,403 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $21.26, for a total transaction of $157,387.78. Following the completion of the transaction, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at approximately $920,749.34. This trade represents a 14.60 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,178 shares of company stock valued at $1,816,576. Company insiders own 29.77% of the company’s stock.

Liquidity Services Stock Performance

Shares of LQDT opened at $25.40 on Monday. The firm’s 50 day moving average price is $22.95 and its two-hundred day moving average price is $21.39. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $25.79. The firm has a market cap of $775.46 million, a P/E ratio of 40.32 and a beta of 1.39.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Monday, August 26th.

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.