CenterBook Partners LP Invests $8.68 Million in Liquidity Services, Inc. (NASDAQ:LQDT)

Key Points

• CenterBook Partners LP has invested approximately $8.68 million in Liquidity Services, Inc. by acquiring 279,980 shares, representing around 0.90% ownership.
• Liquidity Services recently reported earnings of $0.31 per share, meeting analyst expectations, but revenues fell short at $116.38 million compared to forecasts of $125.20 million.
• The company's stock has shown volatility, with a one-year low of $19.97 and a high of $39.72, and it currently has a market capitalization of $775.82 million.

CenterBook Partners LP bought a new position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 279,980 shares of the business services provider's stock, valued at approximately $8,682,000. CenterBook Partners LP owned 0.90% of Liquidity Services as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Liquidity Services by 10.4% during the 4th quarter. American Century Companies Inc. now owns 48,324 shares of the business services provider's stock valued at $1,560,000 after purchasing an additional 4,556 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Liquidity Services during the 4th quarter valued at about $132,000. LPL Financial LLC bought a new position in shares of Liquidity Services during the 4th quarter valued at about $369,000. JPMorgan Chase & Co. boosted its holdings in shares of Liquidity Services by 140.4% during the 4th quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider's stock valued at $4,652,000 after purchasing an additional 84,154 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Liquidity Services by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider's stock valued at $745,000 after purchasing an additional 4,756 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Liquidity Services Trading Up 1.2%

Shares of NASDAQ:LQDT traded up $0.29 during trading on Monday, reaching $24.26. The company's stock had a trading volume of 110,673 shares, compared to its average volume of 326,398. Liquidity Services, Inc. has a 12 month low of $21.00 and a 12 month high of $39.72. The firm's 50 day simple moving average is $24.14 and its two-hundred day simple moving average is $28.46. The stock has a market capitalization of $757.45 million, a PE ratio of 29.23 and a beta of 1.21.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $119.88 million during the quarter, compared to the consensus estimate of $120.41 million. Liquidity Services had a net margin of 6.25% and a return on equity of 20.75%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Saturday.

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.