Liquidity Services (LQDT) : Roumell Asset Management scooped up 173,770 additional shares in Liquidity Services during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 584,560 shares of Liquidity Services which is valued at $3.6 Million.Liquidity Services makes up approximately 8.99% of Roumell Asset Management’s portfolio.
Other Hedge Funds, Including , Wellington Management Group Llp sold out all of its stake in LQDT during the most recent quarter. The investment firm sold 25,298 shares of LQDT which is valued $155,330.Teacher Retirement System Of Texas boosted its stake in LQDT in the latest quarter, The investment management firm added 870 additional shares and now holds a total of 3,191 shares of Liquidity Services which is valued at $19,593. Trexquant Investment Lp sold out all of its stake in LQDT during the most recent quarter. The investment firm sold 103,100 shares of LQDT which is valued $633,034.Blackrock Advisors boosted its stake in LQDT in the latest quarter, The investment management firm added 963 additional shares and now holds a total of 11,485 shares of Liquidity Services which is valued at $70,518.
Liquidity Services closed down -0.04 points or -0.59% at $6.72 with 75,189 shares getting traded on Wednesday. Post opening the session at $6.77, the shares hit an intraday low of $6.67 and an intraday high of $6.88 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Liquidity Services reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.07. The company had revenue of $86.90 million for the quarter, compared to analysts expectations of $69.84 million. The company’s revenue was down -15.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.
Many Wall Street Analysts have commented on Liquidity Services. Company shares were Reiterated by The Benchmark Company on May 6, 2016 to “Hold”, Firm has raised the Price Target to $ 6.50 from a previous price target of $5.50 .
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 Companys 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. Its 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.