Cubist Systematic Strategies LLC Invests $3.05 Million in Liquidity Services, Inc. (NASDAQ:LQDT)

Cubist Systematic Strategies LLC bought a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 94,348 shares of the business services provider's stock, valued at approximately $3,046,000. Cubist Systematic Strategies LLC owned approximately 0.31% of Liquidity Services at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bosun Asset Management LLC increased its position in shares of Liquidity Services by 15.4% during the fourth quarter. Bosun Asset Management LLC now owns 44,108 shares of the business services provider's stock valued at $1,424,000 after acquiring an additional 5,896 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Liquidity Services by 155.2% during the fourth quarter. BNP Paribas Financial Markets now owns 63,587 shares of the business services provider's stock valued at $2,053,000 after acquiring an additional 38,675 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Liquidity Services by 651.4% during the fourth quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock valued at $25,790,000 after acquiring an additional 692,390 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Liquidity Services during the fourth quarter valued at approximately $242,000. Finally, Northern Trust Corp increased its position in shares of Liquidity Services by 22.7% during the fourth quarter. Northern Trust Corp now owns 263,554 shares of the business services provider's stock valued at $8,510,000 after acquiring an additional 48,818 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Liquidity Services Stock Performance

NASDAQ:LQDT traded up $0.26 during trading hours on Friday, reaching $24.92. The stock had a trading volume of 143,783 shares, compared to its average volume of 223,215. The stock has a 50 day simple moving average of $30.14 and a 200 day simple moving average of $30.44. Liquidity Services, Inc. has a 12-month low of $18.78 and a 12-month high of $39.72. The stock has a market cap of $777.87 million, a P/E ratio of 33.28 and a beta of 1.31.

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

Insider Activity

In other Liquidity Services news, Director Jaime Mateus-Tique sold 931 shares of Liquidity Services 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 completion of the sale, the director now owns 224,562 shares of the company's stock, valued at $6,608,859.66. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Beatriz V. Infante sold 5,000 shares of Liquidity Services stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $35.36, for a total value of $176,800.00. Following the sale, the director now directly owns 82,990 shares of the company's stock, valued at approximately $2,934,526.40. This trade represents a 5.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,038 shares of company stock worth $3,669,775. 28.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on LQDT. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research report on Wednesday, March 19th. StockNews.com downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

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.