Man Group plc bought a new position in Liquidity Services, Inc. (NASDAQ:LQDT – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 62,019 shares of the business services provider’s stock, valued at approximately $2,426,000. Man Group plc owned about 0.20% of Liquidity Services as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Persistent Asset Partners Ltd bought a new stake in Liquidity Services in the second quarter worth about $35,000. Quantbot Technologies LP bought a new position in shares of Liquidity Services in the second quarter worth about $53,000. Tower Research Capital LLC TRC grew its holdings in shares of Liquidity Services by 451.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock worth $64,000 after purchasing an additional 2,210 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Liquidity Services in the 1st quarter worth about $97,000. Finally, Fifth Third Bancorp increased its stake in Liquidity Services by 4,505.7% in the 1st quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $99,000 after buying an additional 3,154 shares during the period. Institutional investors own 71.15% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on LQDT shares. Weiss Ratings raised shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Barrington Research set a $50.00 target price on Liquidity Services in a report on Friday, August 7th. Zacks Research raised Liquidity Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $50.00.
Insiders Place Their Bets
In related news, CFO Jorge Celaya sold 3,842 shares of Liquidity Services stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $37.26, for a total value of $143,152.92. Following the sale, the chief financial officer owned 66,895 shares of the company’s stock, valued at approximately $2,492,507.70. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jaime Mateus-Tique sold 38,471 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $37.99, for a total transaction of $1,461,513.29. Following the completion of the transaction, the director directly owned 164,380 shares of the company’s stock, valued at $6,244,796.20. This represents a 18.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 100,197 shares of company stock worth $3,815,784. Company insiders own 28.06% of the company’s stock.
Liquidity Services Price Performance
LQDT stock opened at $39.33 on Wednesday. The company has a market capitalization of $1.23 billion, a P/E ratio of 38.56 and a beta of 1.07. Liquidity Services, Inc. has a 12 month low of $21.67 and a 12 month high of $44.09. The firm’s fifty day simple moving average is $40.08 and its 200-day simple moving average is $35.75.
Liquidity Services (NASDAQ:LQDT – Get Free Report) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. The company had revenue of $129.58 million during the quarter, compared to the consensus estimate of $57.83 million. Liquidity Services had a net margin of 6.79% and a return on equity of 17.60%. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. As a group, sell-side analysts forecast that Liquidity Services, Inc. will post 1.16 earnings per share for the current year.
Liquidity Services Profile
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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