Essex Investment Management acquires 0.40% stake in Liquidity Services for $2.75 million.
Essex Investment Management Co. LLC has acquired 120,587 shares of Liquidity Services, Inc. (NASDAQ:LQDT) for about $2.75 million, representing a 0.40% ownership stake. Other hedge funds have also adjusted their positions. Liquidity Services operates in e-commerce through multiple segments, including GovDeals and Retail Supply Chain Group. Barrington Research maintains an "outperform" rating with a $27 target price for the stock, which has a market cap of $686.93 million.
October 13, 2024
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