ExodusPoint Capital Management LP Acquires Shares of 18,052 Liquidity Services, Inc. (NASDAQ:LQDT)

ExodusPoint Capital Management LP purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,052 shares of the business services provider’s stock, valued at approximately $583,000.

Several other hedge funds have also made changes to their positions in LQDT. Harvest Fund Management Co. Ltd purchased a new position in Liquidity Services during the 4th quarter worth approximately $38,000. R Squared Ltd purchased a new stake in shares of Liquidity Services in the fourth quarter valued at $66,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Liquidity Services in the fourth quarter worth $132,000. GAMMA Investing LLC grew its holdings in shares of Liquidity Services by 11.2% during the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after buying an additional 487 shares in the last quarter. Finally, Longboard Asset Management LP acquired a new position in Liquidity Services during the fourth quarter valued at $200,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Liquidity Services Price Performance

Shares of LQDT stock opened at $29.62 on Friday. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The stock’s 50-day moving average is $31.95 and its two-hundred day moving average is $29.23. The firm has a market cap of $919.38 million, a P/E ratio of 39.49 and a beta of 1.39.

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

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Jaime Mateus-Tique sold 931 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $29.43, for a total transaction of $27,399.33. Following the transaction, the director now owns 224,562 shares of the company’s stock, valued at approximately $6,608,859.66. This represents a 0.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Steven Weiskircher sold 10,815 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the completion of the transaction, the senior vice president now directly owns 58,401 shares in the company, valued at $1,985,049.99. The trade was a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,758 shares of company stock worth $4,371,408. 28.40% of the stock is owned by corporate insiders.

Liquidity Services Company Profile

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.