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Starting Amount
$
After
years
Dividend yield
%
Dividends reinvested
$
Liquidity Services, Inc.
Type
Public
Industry Logistics
Founded 1999 in Washington, D.C., United States
Founders William P. Angrick III, Asad Haroon, and Jaime Mateus-Tique
Headquarters Washington D.C., United States
Key people
William P. Angrick III (CEO)
Website liquidityservices.com

Liquidity Services is an American corporation, which works with corporate and government agencies to manage and sell their surplus assets and excess inventory. Surplus and overstock goods are sold on Liquidity Services’ online marketplaces. The global company is based in Washington, D.C..

Liquidity Services was co-founded by William P. Angrick III, Asad Haroon, and Jaime Mateus-Tique in 1999. It was branded as Liquidation.com, and was a B2B auction marketplace that connects sellers to buyers. The platform allowed retailers to resell retail returns and overstockand enabled buyers to access bulk lots of surplus merchandise. In June 2000, Liquidity Services received $11.2 million in venture-capital funding from [email protected] In 2001, the company acquired SurplusBid.com, which included a contract with the United States Department of Defense.

The company’s Initial public offering (IPO), valuing the business at $76.9M, took place on February 23, 2006, and the company began trading on the NASDAQ stock exchange under the symbol LQDT. Prior to going public, Liquidity Services opened online auctions for European corporations and government agencies to sell their surplus goods on the international market.

Between 2008 and 2011, Liquidity Services acquired four new marketplaces: Network International, GovDeals, TruckCenter.com, and the remarketing business of Jacobs Trading Company. In 2012, it acquired GoIndustry DoveBid, a provider of surplus asset management, auction and valuation services.

In 2015, the company lost two large contracts. Walmart terminated its deal with Liquidity Services, and the company lost a bidding war for the right to sell the Department of Defense’s surplus tanks, trailers, and other vehicles. Liquidity Services holds the DoD’s scrap property contract.

In September 2016, Liquidity Services launched IronDirect.com, an online marketplace selling large construction equipment.

Liquidity Services’ online marketplaces include: Liquidation.com, Secondipity.com, GovLiquidation.com, GovDeals.com, Network International, GoIndustry DoveBid, and IronDirect. They offer over 500 product categories organized into categories across 12 major industry verticals: government, energy, construction and mining, transportation, industrial manufacturing, biopharmaceuticals, electronics manufacturing, consumer goods and OEMs, automotive manufacturing, retail,fast-moving consumer goods, and aerospace and defense.

Liquidity Services works with the US federal government to divert scrap material from landfill, and supports clients with zero-waste initiatives.

Investment goal date:
Dividends reinvested
Liquidity Services, Inc. LQDT report Q3 2017
Period
Date
Adjusted Actuals EPS
GAAP EPS
Q1 2018
2018-02-06
--
--
Q4 2017
2017-12-05
--
--
Q4 2017
2017-11-16
--
--
Q3 2017
2017-08-03
-0.2200
-0.2700
Q2 2017
2017-05-04
-0.2100
-0.2600
Q1 2017
2017-02-09
-0.2200
-0.2700
Q4 2016
2016-11-17
-0.0200
-1.7500
Q3 2016
2016-08-04
0.0700
0.0000
Q2 2016
2016-05-05
0.0400
-0.0300
Q1 2016
2016-02-04
-0.1100
-0.1700
Q4 2015
2015-11-19
0.0700
-1.4600
There is presents forecasts or rating agencies and recommendation for investors about this ticker
Funds
Fund Name
Ticker shares
ACADIAN ASSET MANAGEMENT LLC
1160542
BlackRock Fund Advisors
2059870
BlackRock Inc.
3126753
BlackRock Institutional Trust Company, N.A.
761820
CLIFTON PARK CAPITAL MANAGEMENT, LLC
655759
D. E. Shaw & Co., Inc.
809669
DIMENSIONAL FUND ADVISORS LP
792340
FMR LLC
382373
GRANAHAN INVESTMENT MANAGEMENT INC/MA
385120
Numeric Investors LLC
582557
RENAISSANCE TECHNOLOGIES LLC
1623999
ROBOTTI ROBERT
397194
STALEY CAPITAL ADVISERS INC
2425000
STATE STREET CORP
663602
Vanguard Group, Inc
1309668
Major Shareholders
Name Relationship
Total Shares
Holding stocks
ELLIS GEORGE H
0.0600% (18506)
BLKB / LQDT /
GROSS PATRICK W
0.0500% (13466)
INFANTE BEATRIZ V
0.1000% (30170)
ELX / LQDT / SONS / UTEK /
CLOUGH PHILLIP A
0.1400% (40117)
LQDT / RST /
Roy G Cayce
0.2600% (77512)
LQDT /
Angrick William P III
12.2900% (3645583)
LQDT /
Mateus-Tique Jaime
0.2100% (63709)
LQDT /
Celaya Jorge
0.2000% (58699)
LQDT /
DOMINO KATHRYN ANN
0.0500% (13637)
LQDT /
Dudley Gardner H
0.1400% (41557)
LQDT /
KOLODZIESKI EDWARD
0.0600% (18336)
LQDT /
% ()