Cubist Systematic Strategies LLC Acquires 103,078 Shares of Liquidity Services, Inc. $LQDT

Key Points

• Cubist Systematic Strategies LLC increased its stake in Liquidity Services by 109.3%, acquiring an additional 103,078 shares during the first quarter, bringing its total ownership to 197,426 shares worth approximately $6.1 million.
• Liquidity Services reported earnings of $0.34 per share for the last quarter, exceeding analyst expectations and generating $119.88 million in revenue, slightly below forecasts.
• Many institutional investors have recently adjusted their positions in Liquidity Services, which now has 71.15% of its stock held by institutional owners.

Cubist Systematic Strategies LLC boosted its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 109.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,426 shares of the business services provider's stock after acquiring an additional 103,078 shares during the period. Cubist Systematic Strategies LLC owned 0.63% of Liquidity Services worth $6,122,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC lifted its position in Liquidity Services by 166.8% during the first quarter. CWM LLC now owns 1,318 shares of the business services provider's stock valued at $41,000 after acquiring an additional 824 shares during the last quarter. Aquatic Capital Management LLC lifted its position in Liquidity Services by 257.6% during the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after acquiring an additional 1,288 shares during the last quarter. Quarry LP lifted its position in Liquidity Services by 38.0% during the first quarter. Quarry LP now owns 2,006 shares of the business services provider's stock valued at $62,000 after acquiring an additional 552 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Liquidity Services by 11.5% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the business services provider's stock valued at $143,000 after acquiring an additional 476 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in Liquidity Services during the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 71.15% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on LQDT. Barrington Research reissued an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research report on Thursday, August 21st. Wall Street Zen cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, Liquidity Services presently has an average rating of "Buy" and a consensus target price of $38.50.

Insider Buying and Selling at Liquidity Services

In other news, Director George H. Ellis sold 7,500 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $25.35, for a total value of $190,125.00. Following the sale, the director owned 15,708 shares in the company, valued at $398,197.80. This represents a 32.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 28.40% of the stock is owned by insiders.

Liquidity Services Trading Up 1.0%

NASDAQ LQDT opened at $26.37 on Thursday. The company has a fifty day simple moving average of $24.95 and a two-hundred day simple moving average of $27.45. The stock has a market cap of $823.80 million, a P/E ratio of 31.77 and a beta of 1.07. Liquidity Services, Inc. has a 12-month low of $21.00 and a 12-month high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The business had revenue of $119.88 million during the quarter, compared to analysts' expectations of $120.41 million. Liquidity Services had a net margin of 6.25% and a return on equity of 20.75%. Liquidity Services has set its Q4 2025 guidance at 0.240-0.340 EPS.

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.

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