Prudential Financial Inc. Has $1.34 Million Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Prudential Financial Inc. decreased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,443 shares of the business services provider’s stock after selling 1,020 shares during the period. Prudential Financial Inc.’s holdings in Liquidity Services were worth $1,338,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research analysts recently commented on LQDT shares. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th. Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Insider Buying and Selling at Liquidity Services

In other news, CFO Jorge Celaya sold 7,500 shares of Liquidity Services stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00. Following the sale, the chief financial officer now directly owns 27,275 shares of the company’s stock, valued at approximately $963,625.75. This trade represents a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Mark A. Shaffer sold 3,633 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.70, for a total value of $126,065.10. Following the completion of the transaction, the vice president now directly owns 46,200 shares of the company’s stock, valued at $1,603,140. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,658 shares of company stock worth $3,496,358 over the last quarter. Corporate insiders own 28.40% of the company’s stock.

Liquidity Services Stock Down 5.1 %

NASDAQ:LQDT opened at $29.45 on Friday. Liquidity Services, Inc. has a twelve month low of $16.79 and a twelve month high of $39.72. The stock’s 50-day simple moving average is $32.79 and its 200 day simple moving average is $28.95. The firm has a market capitalization of $914.10 million, a PE ratio of 39.27 and a beta of 1.39.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share 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%.

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.