Anson Funds Management LP purchased a new stake in Liquidity Services, Inc. (NASDAQ:LQDT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 63,944 shares of the business services provider’s stock, valued at approximately $310,000. Anson Funds Management LP owned 0.20% of Liquidity Services as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Teachers Advisors LLC boosted its stake in Liquidity Services by 5.4% during the 2nd quarter. Teachers Advisors LLC now owns 42,038 shares of the business services provider’s stock worth $267,000 after purchasing an additional 2,172 shares during the last quarter. Rhumbline Advisers boosted its stake in Liquidity Services by 15.3% during the 4th quarter. Rhumbline Advisers now owns 60,370 shares of the business services provider’s stock worth $293,000 after purchasing an additional 8,008 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Liquidity Services by 26.5% during the 4th quarter. Wells Fargo & Company MN now owns 43,522 shares of the business services provider’s stock worth $212,000 after purchasing an additional 9,107 shares during the last quarter. Northern Trust Corp boosted its stake in Liquidity Services by 4.8% during the 2nd quarter. Northern Trust Corp now owns 347,062 shares of the business services provider’s stock worth $2,204,000 after purchasing an additional 15,912 shares during the last quarter. Finally, 22NW LP boosted its stake in Liquidity Services by 86.5% during the 3rd quarter. 22NW LP now owns 38,592 shares of the business services provider’s stock worth $228,000 after purchasing an additional 17,900 shares during the last quarter. 67.60% of the stock is currently owned by institutional investors.
Shares of LQDT stock traded up $0.02 on Wednesday, reaching $7.22. 8,706 shares of the company’s stock traded hands, compared to its average volume of 151,955. Liquidity Services, Inc. has a 52 week low of $4.34 and a 52 week high of $8.10. The firm has a market cap of $228.34, a PE ratio of -7.13 and a beta of 0.55.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.19. Liquidity Services had a negative return on equity of 20.43% and a negative net margin of 12.29%. The business had revenue of $61.14 million for the quarter, compared to analyst estimates of $65.42 million. During the same quarter in the previous year, the firm earned ($0.22) EPS. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. sell-side analysts expect that Liquidity Services, Inc. will post -0.46 EPS for the current fiscal year.
Several brokerages have issued reports on LQDT. Zacks Investment Research raised shares of Liquidity Services from a “hold” rating to a “buy” rating and set a $8.00 target price on the stock in a research note on Wednesday, March 7th. Barrington Research raised shares of Liquidity Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st. Finally, ValuEngine cut shares of Liquidity Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 8th.
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About Liquidity Services
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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