Connor Clark & Lunn Investment Management Ltd. Purchases New Shares in Liquidity Services, Inc. $LQDT

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 131,049 shares of the business services provider’s stock, valued at approximately $5,127,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LQDT. BlackRock Inc. acquired a new position in Liquidity Services in the second quarter valued at $140,508,000. Rice Hall James & Associates LLC acquired a new stake in shares of Liquidity Services during the second quarter worth about $23,804,000. Ameriprise Financial Inc. boosted its stake in shares of Liquidity Services by 55.1% during the second quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock worth $30,227,000 after buying an additional 454,988 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in shares of Liquidity Services by 38.9% during the third quarter. Punch & Associates Investment Management Inc. now owns 909,743 shares of the business services provider’s stock worth $24,954,000 after buying an additional 254,875 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Liquidity Services by 141.9% during the third quarter. Millennium Management LLC now owns 357,707 shares of the business services provider’s stock worth $9,812,000 after buying an additional 209,807 shares during the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. Barrington Research set a $50.00 price objective on Liquidity Services in a research note on Friday, August 7th. Weiss Ratings upgraded Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Zacks Research upgraded Liquidity Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

Liquidity Services Stock Down 0.2%

Shares of Liquidity Services stock opened at $41.79 on Friday. Liquidity Services, Inc. has a 52-week low of $21.67 and a 52-week high of $44.09. The company’s 50-day simple moving average is $39.91 and its 200-day simple moving average is $35.58. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 40.97 and a beta of 1.10.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. The firm had revenue of $129.58 million during the quarter, compared to analysts’ expectations 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. Equities research analysts anticipate that Liquidity Services, Inc. will post 1.16 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John Daunt sold 10,139 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $39.24, for a total transaction of $397,854.36. Following the completion of the transaction, the executive vice president directly owned 38,086 shares of the company’s stock, valued at approximately $1,494,494.64. This represents a 21.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jorge Celaya sold 9,951 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $36.79, for a total value of $366,097.29. Following the transaction, the chief financial officer directly owned 66,895 shares of the company’s stock, valued at approximately $2,461,067.05. This trade represents a 12.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 110,148 shares of company stock worth $4,181,881. Company insiders own 28.06% of the company’s stock.

About Liquidity Services

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.