Illinois Municipal Retirement Fund Has $219,000 Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Illinois Municipal Retirement Fund lessened its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 12.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,753 shares of the business services provider’s stock after selling 1,752 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Liquidity Services were worth $219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP grew its position in shares of Liquidity Services by 88.3% in the 3rd quarter. Quantbot Technologies LP now owns 4,377 shares of the business services provider’s stock valued at $77,000 after buying an additional 2,052 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Liquidity Services in the 3rd quarter valued at about $112,000. SG Americas Securities LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at about $162,000. Louisiana State Employees Retirement System bought a new stake in shares of Liquidity Services in the 4th quarter valued at about $193,000. Finally, Jump Financial LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at about $215,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Activity at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00. Following the transaction, the director now directly owns 19,402 shares of the company’s stock, valued at approximately $339,535. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 29.77% of the stock is owned by corporate insiders.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $17.40 on Thursday. Liquidity Services, Inc. has a one year low of $12.86 and a one year high of $21.10. The stock’s 50-day moving average is $17.81 and its 200 day moving average is $18.05. The firm has a market cap of $534.51 million, a price-to-earnings ratio of 29.00 and a beta of 1.34.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%. The business had revenue of $71.33 million for the quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on LQDT. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 13th. TheStreet lowered Liquidity Services from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th. Finally, Barrington Research restated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research report on Thursday, February 8th.

Liquidity Services Profile

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.