OxFORD Asset Management LLP lessened its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 53.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,515 shares of the business services provider’s stock after selling 94,790 shares during the period. OxFORD Asset Management LLP owned approximately 0.26% of Liquidity Services worth $518,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of LQDT. Arizona State Retirement System boosted its position in shares of Liquidity Services by 1.6% in the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock worth $102,000 after buying an additional 200 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Liquidity Services by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock worth $104,000 after buying an additional 1,816 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Liquidity Services by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock worth $110,000 after buying an additional 680 shares during the period. Texas Permanent School Fund boosted its position in shares of Liquidity Services by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock worth $114,000 after buying an additional 204 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of Liquidity Services by 57.3% in the first quarter. Citadel Advisors LLC now owns 17,141 shares of the business services provider’s stock worth $137,000 after buying an additional 6,241 shares during the period. 66.95% of the stock is owned by hedge funds and other institutional investors.
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In related news, insider James M. Rallo sold 15,270 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $5.80, for a total transaction of $88,566.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Roger Gravley sold 8,545 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total transaction of $49,561.00. Following the completion of the transaction, the insider now directly owns 9,702 shares of the company’s stock, valued at approximately $56,271.60. The disclosure for this sale can be found here. Company insiders own 22.30% of the company’s stock.
Shares of Liquidity Services, Inc. (LQDT) traded up 0.85% during mid-day trading on Friday, reaching $5.90. The company’s stock had a trading volume of 144,169 shares. The company has a 50 day moving average price of $5.84 and a 200 day moving average price of $6.42. The stock’s market capitalization is $185.87 million. Liquidity Services, Inc. has a 12 month low of $5.50 and a 12 month high of $10.50.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.03. The firm had revenue of $65.50 million for the quarter, compared to analysts’ expectations of $79.56 million. Liquidity Services had a negative net margin of 27.52% and a negative return on equity of 16.59%. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS. On average, equities research analysts anticipate that Liquidity Services, Inc. will post ($0.91) earnings per share for the current fiscal year.
Several research firms recently commented on LQDT. Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine upgraded Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reiterated a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd.
Liquidity Services Company Profile
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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