D. E. Shaw & Co. Inc. Increases Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

D. E. Shaw & Co. Inc. lifted its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 322.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,315 shares of the business services provider's stock after buying an additional 42,229 shares during the period. D. E. Shaw & Co. Inc. owned about 0.18% of Liquidity Services worth $1,786,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LQDT. Harvest Fund Management Co. Ltd bought a new position in Liquidity Services during the fourth quarter valued at approximately $38,000. Quarry LP bought a new stake in shares of Liquidity Services in the 4th quarter worth approximately $47,000. Aquatic Capital Management LLC lifted its holdings in shares of 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 last quarter. R Squared Ltd bought a new stake in shares of Liquidity Services in the 4th quarter worth approximately $66,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Liquidity Services in the 4th quarter valued at $132,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jaime Mateus-Tique sold 29,169 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $29.06, for a total value of $847,651.14. Following the sale, the director now directly owns 230,393 shares of the company's stock, valued at $6,695,220.58. This trade represents a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 105,100 shares of company stock valued at $3,223,400. Insiders own 28.40% of the company's stock.

Liquidity Services Price Performance

Liquidity Services stock traded down $0.17 during trading hours on Tuesday, reaching $23.59. The company had a trading volume of 254,147 shares, compared to its average volume of 230,314. Liquidity Services, Inc. has a 12-month low of $18.87 and a 12-month high of $39.72. The company has a 50-day moving average price of $29.25 and a 200 day moving average price of $30.60. The firm has a market cap of $736.50 million, a price-to-earnings ratio of 31.45 and a beta of 1.31.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wall Street Zen cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report 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 note on Wednesday, March 19th.

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.