Smart Money Cautiously Optimistic of Liquidity Services, Inc. (LQDT)

As industrywide interest jumped, key investment firms have been driving this bullishness. Roumell Asset Management established the largest position in Liquidity Services, Inc. (NASDAQ:LQDT). Marshall Wace LLP also initiated a $2.6 million position during the quarter. The only other fund with a brand new Liquidity Services, Inc. position is Peter Algert and Kevin Coldiron’s Algert Coldiron Investors.

Let’s go over hedge fund activity in other stocks similar to Liquidity Services, Inc. (NASDAQ:LQDT). We will take a look at Attunity Ltd (NASDAQ:ATTU), Atlas Financial Holdings Inc (NASDAQ:AFH), Miller Industries, Inc. (NYSE:MLR), and Quotient Ltd (NASDAQ:QTNT). All of these stocks’ market caps resemble Liquidity Services, Inc.’s market cap.

As you can see these stocks had an average of 8.5 hedge funds with bullish positions and the average amount invested in these stocks was $47 million. That figure was $21 million in Liquidity Services, Inc.’s case. Attunity Ltd (NASDAQ:ATTU) is the most popular stock in this table. On the other hand Miller Industries, Inc. (NYSE:MLR) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Liquidity Services, Inc. (NASDAQ:LQDT) is more popular among hedge funds, although the amount of money invested in it is below average. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.