Arrowstreet Capital Limited Partnership Sells 18,724 Shares of Liquidity Services, Inc. (LQDT)

Arrowstreet Capital Limited Partnership trimmed its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 218,615 shares of the business services provider’s stock after selling 18,724 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.69% of Liquidity Services worth $1,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in shares of Liquidity Services by 22.0% in the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock valued at $12,581,000 after buying an additional 357,240 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Liquidity Services by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,309,668 shares of the business services provider’s stock valued at $10,477,000 after buying an additional 71,139 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Liquidity Services by 14.0% in the second quarter. Dimensional Fund Advisors LP now owns 902,983 shares of the business services provider’s stock valued at $5,734,000 after buying an additional 110,643 shares in the last quarter. Robotti Robert lifted its stake in shares of Liquidity Services by 4.5% in the second quarter. Robotti Robert now owns 415,194 shares of the business services provider’s stock valued at $2,488,000 after buying an additional 18,000 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Liquidity Services by 4.8% in the second quarter. Northern Trust Corp now owns 347,062 shares of the business services provider’s stock valued at $2,204,000 after buying an additional 15,912 shares in the last quarter. 67.55% of the stock is currently owned by hedge funds and other institutional investors.

Liquidity Services, Inc. (NASDAQ LQDT) opened at 5.70 on Friday. The company’s market capitalization is $179.57 million. Liquidity Services, Inc. has a 1-year low of $5.50 and a 1-year high of $10.50. The firm has a 50 day moving average of $5.85 and a 200-day moving average of $6.46.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.03. The firm had revenue of $65.50 million for the quarter, compared to the consensus estimate 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 was down 23.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $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.

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In other news, insider Roger Gravley sold 8,545 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $5.80, for a total value of $49,561.00. Following the sale, the insider now directly owns 9,702 shares of the company’s stock, valued at approximately $56,271.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James M. Rallo sold 15,270 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $5.80, for a total transaction of $88,566.00. The disclosure for this sale can be found here. 22.30% of the stock is owned by corporate insiders.

LQDT has been the topic of a number of recent research reports. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd.

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

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