Fuller & Thaler Asset Management Inc. Acquires New Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Fuller & Thaler Asset Management Inc. bought a new position in Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,395 shares of the business services provider’s stock, valued at approximately $497,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services in the fourth quarter valued at $38,000. R Squared Ltd acquired a new stake in Liquidity Services in the 4th quarter valued at about $66,000. KLP Kapitalforvaltning AS bought a new position in shares of Liquidity Services during the 4th quarter valued at about $132,000. GAMMA Investing LLC grew its stake in shares of Liquidity Services by 11.2% in the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock worth $157,000 after purchasing an additional 487 shares during the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of Liquidity Services in the 4th quarter worth approximately $200,000. 71.15% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Jaime Mateus-Tique sold 10,000 shares of the stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $30.25, for a total value of $302,500.00. Following the completion of the sale, the director now directly owns 204,562 shares of the company’s stock, valued at approximately $6,188,000.50. This represents a 4.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steven Weiskircher sold 10,815 shares of Liquidity Services stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the transaction, the senior vice president now directly owns 58,401 shares in the company, valued at approximately $1,985,049.99. This trade represents a 15.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,758 shares of company stock worth $4,971,108 over the last quarter. Corporate insiders own 28.40% of the company’s stock.

Liquidity Services Trading Up 0.7 %

NASDAQ LQDT opened at $31.72 on Friday. Liquidity Services, Inc. has a 1 year low of $17.07 and a 1 year high of $39.72. The company has a market cap of $984.56 million, a PE ratio of 42.29 and a beta of 1.39. The stock’s 50-day moving average price is $31.19 and its two-hundred day moving average price is $29.83.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on LQDT shares. Barrington Research restated an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th.

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.