ExodusPoint Capital Management LP Makes New Investment in Liquidity Services, Inc. (NASDAQ:LQDT)

ExodusPoint Capital Management LP purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 18,052 shares of the business services provider's stock, valued at approximately $583,000. ExodusPoint Capital Management LP owned about 0.06% of Liquidity Services at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LQDT. State Street Corp increased its position in shares of Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider's stock valued at $19,433,000 after acquiring an additional 13,947 shares during the last quarter. Geode Capital Management LLC raised its position in Liquidity Services by 0.5% in the third 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 period. Arrowstreet Capital Limited Partnership lifted its stake in Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after purchasing an additional 167,767 shares in the last quarter. Sei Investments Co. boosted its position in shares of Liquidity Services by 8.2% during the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider's stock worth $7,861,000 after buying an additional 18,450 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Liquidity Services by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider's stock valued at $6,631,000 after buying an additional 3,077 shares in the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Liquidity Services

In related news, SVP Steven Weiskircher sold 10,815 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.99, for a total transaction of $367,601.85. Following the sale, the senior vice president now owns 58,401 shares of the company's stock, valued at approximately $1,985,049.99. The trade was a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Mark A. Shaffer sold 3,633 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $34.70, for a total value of $126,065.10. Following the sale, the vice president now directly owns 46,200 shares in the company, valued at $1,603,140. This trade represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,758 shares of company stock worth $4,668,608 over the last ninety days. 28.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LQDT has been the subject of several recent research reports. StockNews.com lowered 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 set a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th.

Liquidity Services Trading Down 0.2 %

NASDAQ:LQDT traded down $0.06 during midday trading on Thursday, hitting $30.95. 42,734 shares of the company were exchanged, compared to its average volume of 201,564. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The company has a market capitalization of $960.50 million, a PE ratio of 41.28 and a beta of 1.39. The company has a fifty day simple moving average of $31.82 and a 200 day simple moving average of $29.35.

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

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.