Point72 Asset Management L.P. Invests $497,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Point72 Asset Management L.P. acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 15,400 shares of the business services provider’s stock, valued at approximately $497,000.

Other hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in Liquidity Services in the 4th quarter worth approximately $38,000. Quarry LP purchased a new stake in Liquidity Services in the 4th quarter worth approximately $47,000. Aquatic Capital Management LLC grew its stake in Liquidity Services by 257.6% in the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after acquiring an additional 1,288 shares during the period. R Squared Ltd purchased a new stake in Liquidity Services in the 4th quarter worth approximately $66,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Liquidity Services in the 4th quarter worth approximately $132,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Liquidity Services Stock Up 0.3%

Shares of LQDT opened at $25.02 on Friday. The firm has a market cap of $781.15 million, a PE ratio of 33.36 and a beta of 1.31. The company’s fifty day moving average is $29.65 and its two-hundred day moving average is $30.55. Liquidity Services, Inc. has a fifty-two week low of $18.78 and a fifty-two week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $116.38 million for the quarter, compared to analyst estimates of $125.20 million. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wall Street Zen 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 research note on Wednesday, March 19th.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.93, for a total value of $1,117,550.00. Following the transaction, the director now owns 298,262 shares in the company, valued at $9,523,505.66. This trade represents a 10.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total transaction of $269,574.48. Following the transaction, the insider now owns 36,181 shares in the company, valued at $1,228,706.76. The trade was a 17.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 113,038 shares of company stock worth $3,492,975 in the last quarter. 28.40% of the stock is owned by insiders.

Liquidity Services 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.