JPMorgan Chase & Co. lifted its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 5.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 282,031 shares of the business services provider’s stock after purchasing an additional 14,722 shares during the quarter. JPMorgan Chase & Co. owned about 0.90% of Liquidity Services worth $1,790,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Liquidity Services by 1.6% during the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 200 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Liquidity Services by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 1,816 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Liquidity Services by 5.2% during the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 680 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Liquidity Services by 1.2% during the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 204 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in shares of Liquidity Services by 57.3% during the first quarter. Citadel Advisors LLC now owns 17,141 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 6,241 shares in the last quarter. Institutional investors own 67.55% of the company’s stock.

In other Liquidity Services news, insider James M. Rallo sold 15,270 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $5.80, for a total transaction of $88,566.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Roger Gravley sold 8,545 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $5.80, for a total value of $49,561.00. Following the sale, the insider now directly owns 9,702 shares in the company, valued at approximately $56,271.60. The disclosure for this sale can be found here. 22.30% of the stock is currently owned by company insiders.

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Shares of Liquidity Services, Inc. (NASDAQ LQDT) opened at 5.95 on Monday. The firm has a 50-day moving average price of $5.84 and a 200 day moving average price of $6.51. Liquidity Services, Inc. has a 12-month low of $5.50 and a 12-month high of $10.50. The company’s market capitalization is $187.44 million.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.03. The business had revenue of $65.50 million for the quarter, compared to analysts’ expectations of $79.56 million. Liquidity Services had a negative return on equity of 16.59% and a negative net margin of 27.52%. The business’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. On average, equities research analysts predict that Liquidity Services, Inc. will post ($0.91) earnings per share for the current year.

Several equities research analysts recently weighed in on LQDT shares. ValuEngine upgraded Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Robert W. Baird restated a “neutral” rating on shares of Liquidity Services in a research report on Monday, July 3rd.

Liquidity Services Company Profile

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

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

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