California Public Employees Retirement System lessened its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 78.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,012 shares of the business services provider’s stock after selling 126,225 shares during the quarter. California Public Employees Retirement System owned about 0.11% of Liquidity Services worth $229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. increased its position in Liquidity Services by 6.3% in the 2nd quarter. BlackRock Inc. now owns 3,607,985 shares of the business services provider’s stock valued at $23,632,000 after acquiring an additional 214,894 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Liquidity Services by 0.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,184,196 shares of the business services provider’s stock worth $14,306,000 after buying an additional 17,307 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Liquidity Services by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,434,945 shares of the business services provider’s stock worth $9,399,000 after buying an additional 114,540 shares during the period. Roumell Asset Management LLC grew its position in shares of Liquidity Services by 7.9% during the 2nd quarter. Roumell Asset Management LLC now owns 958,259 shares of the business services provider’s stock worth $6,277,000 after buying an additional 69,931 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Liquidity Services during the 2nd quarter worth approximately $4,459,000. Hedge funds and other institutional investors own 67.18% of the company’s stock.

In related news, insider Roger Gravley sold 6,587 shares of Liquidity Services stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $5.28, for a total transaction of $34,779.36. Following the transaction, the insider now owns 5,939 shares of the company’s stock, valued at approximately $31,357.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James M. Rallo sold 6,737 shares of Liquidity Services stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $5.91, for a total transaction of $39,815.67. Following the transaction, the insider now directly owns 16,059 shares in the company, valued at approximately $94,908.69. The disclosure for this sale can be found here. Insiders have sold a total of 19,808 shares of company stock worth $111,064 in the last three months. 22.30% of the stock is owned by insiders.

LQDT has been the subject of several analyst reports. Zacks Investment Research cut shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 4th. ValuEngine cut shares of Liquidity Services from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Finally, Barrington Research reiterated a “buy” rating and set a $10.00 price target on shares of Liquidity Services in a research report on Monday, December 3rd.

Shares of NASDAQ:LQDT traded down $0.47 during trading on Friday, hitting $6.80. 206,104 shares of the company’s stock were exchanged, compared to its average volume of 57,950. Liquidity Services, Inc. has a 1-year low of $4.34 and a 1-year high of $8.00. The stock has a market cap of $233.54 million, a price-to-earnings ratio of -13.60 and a beta of 0.90.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, December 6th. The business services provider reported ($0.14) EPS for the quarter, hitting the consensus estimate of ($0.14). Liquidity Services had a negative net margin of 5.60% and a negative return on equity of 11.97%. The company had revenue of $52.71 million during the quarter, compared to analysts’ expectations of $48.36 million.

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Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.

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Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

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