13,160 Shares in Liquidity Services, Inc. (NASDAQ:LQDT) Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in Liquidity Services, Inc. (NASDAQ:LQDT) during the 4th quarter, HoldingsChannel reports. The fund bought 13,160 shares of the business services provider’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its position in shares of Liquidity Services by 307.3% during the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after buying an additional 29,746 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Liquidity Services by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after acquiring an additional 30,360 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Liquidity Services by 107.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock valued at $3,856,000 after purchasing an additional 61,918 shares during the last quarter. Franklin Resources Inc. increased its position in Liquidity Services by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock worth $339,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Liquidity Services by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after purchasing an additional 2,392 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LQDT shares. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th. Finally, Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th.

Insider Activity at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 35,000 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $31.93, for a total transaction of $1,117,550.00. Following the sale, the director now owns 298,262 shares in the company, valued at $9,523,505.66. This represents a 10.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jorge Celaya sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total value of $264,975.00. Following the sale, the chief financial officer now directly owns 27,275 shares of the company’s stock, valued at $963,625.75. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,658 shares of company stock worth $3,496,358 over the last ninety days. Insiders own 28.40% of the company’s stock.

Liquidity Services Stock Performance

LQDT stock opened at $29.45 on Friday. Liquidity Services, Inc. has a 52-week low of $16.79 and a 52-week high of $39.72. The company has a market capitalization of $914.10 million, a P/E ratio of 39.27 and a beta of 1.39. The company has a fifty day moving average price of $32.79 and a 200-day moving average price of $28.91.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.