Russell Investments Group Ltd. Takes $1.47 Million Position in Liquidity Services, Inc. (LQDT)

Russell Investments Group Ltd. purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 231,500 shares of the business services provider’s stock, valued at approximately $1,470,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strs Ohio grew its holdings in shares of Liquidity Services by 9.8% during the second quarter. Strs Ohio now owns 90,600 shares of the business services provider’s stock worth $593,000 after buying an additional 8,100 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Liquidity Services by 2.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 383,100 shares of the business services provider’s stock worth $2,509,000 after buying an additional 9,200 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Liquidity Services by 3.0% during the second quarter. Northern Trust Corp now owns 353,820 shares of the business services provider’s stock worth $2,317,000 after buying an additional 10,399 shares during the last quarter. Eagle Boston Investment Management Inc. grew its holdings in shares of Liquidity Services by 4.4% during the second quarter. Eagle Boston Investment Management Inc. now owns 307,736 shares of the business services provider’s stock worth $2,015,000 after buying an additional 12,917 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Liquidity Services by 0.8% during the second quarter. Renaissance Technologies LLC now owns 2,184,196 shares of the business services provider’s stock worth $14,306,000 after buying an additional 17,307 shares during the last quarter. 67.18% of the stock is currently owned by hedge funds and other institutional investors.

In other Liquidity Services news, insider Roger Gravley sold 6,587 shares of Liquidity Services stock in a transaction that occurred on Monday, October 8th. The stock was sold at an average price of $5.28, for a total value of $34,779.36. Following the sale, the insider now owns 5,939 shares of the company’s stock, valued at approximately $31,357.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider James M. Rallo sold 6,737 shares of Liquidity Services stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $5.91, for a total value of $39,815.67. Following the completion of the sale, the insider now directly owns 16,059 shares in the company, valued at approximately $94,908.69. The disclosure for this sale can be found here. Insiders sold a total of 19,808 shares of company stock worth $111,064 in the last ninety days. 22.30% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on LQDT shares. ValuEngine raised Liquidity Services from a “sell” rating to a “hold” rating in a report on Friday, October 12th. Zacks Investment Research lowered Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Barrington Research reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Liquidity Services in a report on Monday, December 3rd.

Shares of LQDT opened at $6.80 on Friday. Liquidity Services, Inc. has a twelve month low of $4.34 and a twelve month high of $8.00.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, December 6th. The business services provider reported ($0.14) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.14). Liquidity Services had a negative return on equity of 11.97% and a negative net margin of 5.60%. The company had revenue of $52.71 million for the quarter, compared to analyst estimates of $48.36 million.

ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.com-unik.info/2018/12/08/russell-investments-group-ltd-takes-1-47-million-position-in-liquidity-services-inc-lqdt.html.

Liquidity Services Profile

Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.

Recommended Story: How Investors Use a Balance Sheet

Want to see what other hedge funds are holding LQDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liquidity Services, Inc. (NASDAQ:LQDT).

Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

Receive News & Ratings for Liquidity Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit