Eagle Ridge Investment Management Makes New $276,000 Investment in Liquidity Services, Inc. (NASDAQ:LQDT)

Eagle Ridge Investment Management bought a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) during the fourth quarter, Holdings Channel reports. The institutional investor bought 8,545 shares of the business services provider’s stock, valued at approximately $276,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Liquidity Services in the 4th quarter worth about $66,000. nVerses Capital LLC acquired a new stake in shares of Liquidity Services in the 3rd quarter worth about $48,000. GAMMA Investing LLC increased its holdings in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,005 shares during the period. Longboard Asset Management LP acquired a new stake in shares of Liquidity Services in the 4th quarter worth about $200,000. Finally, Yousif Capital Management LLC acquired a new stake in shares of Liquidity Services in the 4th quarter worth about $204,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Stock Up 4.0 %

Shares of LQDT opened at $33.12 on Friday. The firm has a 50-day moving average price of $32.18 and a 200 day moving average price of $25.90. The firm has a market capitalization of $1.02 billion, a PE ratio of 52.57 and a beta of 1.36. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 5.50% and a return on equity of 18.99%.

Insider Activity

In other news, Director Edward Kolodzieski sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the completion of the transaction, the director now owns 17,229 shares in the company, valued at approximately $549,605.10. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John Daunt sold 4,546 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28. Following the transaction, the executive vice president now owns 43,309 shares of the company’s stock, valued at approximately $1,372,029.12. This trade represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,668 shares of company stock worth $3,331,558. Corporate insiders own 28.40% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st. Craig Hallum increased their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a report on Monday.

About Liquidity Services

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.