Harber Asset Management Lowers stake in Liquidity Services (LQDT)

Liquidity Services (LQDT) : Harber Asset Management reduced its stake in Liquidity Services by 13.57% during the most recent quarter end. The investment management company now holds a total of 1,385,006 shares of Liquidity Services which is valued at $13,060,607 after selling 217,530 shares in Liquidity Services , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Liquidity Services makes up approximately 6.56% of Harber Asset Management’s portfolio.

Other Hedge Funds, Including , Aristotle Capital Boston boosted its stake in LQDT in the latest quarter, The investment management firm added 11,645 additional shares and now holds a total of 157,288 shares of Liquidity Services which is valued at $1,483,226. Liquidity Services makes up approx 0.28% of Aristotle Capital Boston’s portfolio.Citadel Advisors reduced its stake in LQDT by selling 53,372 shares or 45.66% in the most recent quarter. The Hedge Fund company now holds 63,510 shares of LQDT which is valued at $598,899.First Trust Advisors Lp reduced its stake in LQDT by selling 773 shares or 5.74% in the most recent quarter. The Hedge Fund company now holds 12,687 shares of LQDT which is valued at $118,243.Eagle Boston Investment Management Inc boosted its stake in LQDT in the latest quarter, The investment management firm added 6,290 additional shares and now holds a total of 242,058 shares of Liquidity Services which is valued at $1,982,455. Liquidity Services makes up approx 0.26% of Eagle Boston Investment Management Inc’s portfolio.

Liquidity Services closed down -0.02 points or -0.20% at $9.98 with 1,10,933 shares getting traded on Thursday. Post opening the session at $9.97, the shares hit an intraday low of $9.9199 and an intraday high of $10.12 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Liquidity Services reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.09. The company had revenue of $85.18 million for the quarter, compared to analysts expectations of $72.48 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Liquidity Services Inc. is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories. The Company’s marketplaces provide professional buyers access to a global organized supply of surplus and salvage assets presented with digital images and other relevant product information. It organizes its products into categories across industry verticals such as consumer electronics general merchandise apparel scientific equipment aerospace parts and equipment technology hardware and specialty equipment. It’s online auction marketplaces are www.liquidation.com www.govliquidation.com www.govdeals.com and www.liquibiz.com. It also operates a wholesale industry portal www.goWholesale.com that connects advertisers with buyers seeking products for resale and related business services. In July 2012 the Company acquired GoIndustry-DoveBid plc.

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