Dynamic Technology Lab Private Ltd Makes New $496,000 Investment in Liquidity Services, Inc. (NASDAQ:LQDT)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,766 shares of the business services provider’s stock, valued at approximately $496,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Liquidity Services by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock worth $33,875,000 after buying an additional 52,997 shares during the period. Pacer Advisors Inc. boosted its stake in Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after buying an additional 76,794 shares during the period. Acadian Asset Management LLC boosted its stake in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after buying an additional 68,407 shares during the period. Rice Hall James & Associates LLC boosted its stake in Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock worth $8,374,000 after buying an additional 4,838 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock worth $5,420,000 after buying an additional 11,022 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP John Daunt sold 7,403 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $21.26, for a total value of $157,387.78. Following the completion of the sale, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at $920,749.34. This represents a 14.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jorge Celaya sold 3,248 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $21.51, for a total transaction of $69,864.48. Following the completion of the sale, the chief financial officer now directly owns 51,988 shares of the company’s stock, valued at approximately $1,118,261.88. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,105 shares of company stock valued at $1,349,177. 29.77% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Liquidity Services Trading Up 0.1 %

Shares of LQDT opened at $25.57 on Friday. The firm has a market capitalization of $780.65 million, a P/E ratio of 40.57 and a beta of 1.39. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $25.85. The firm has a fifty day moving average price of $23.17 and a 200-day moving average price of $21.54.

About Liquidity Services

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.