Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 37.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,537 shares of the business services provider's stock after selling 20,636 shares during the period. Jane Street Group LLC owned about 0.11% of Liquidity Services worth $1,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LQDT. Northern Trust Corp boosted its stake in Liquidity Services by 22.7% in 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 period. The Manufacturers Life Insurance Company acquired a new position in shares of Liquidity Services during the fourth quarter valued at approximately $268,000. Tudor Investment Corp ET AL bought a new stake in shares of Liquidity Services in the 4th quarter worth $425,000. Quarry LP bought a new position in shares of Liquidity Services during the 4th quarter valued at about $47,000. Finally, Aquatic Capital Management LLC boosted its holdings 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 worth $58,000 after buying an additional 1,288 shares in the last quarter. 71.15% of the stock is owned by institutional investors.

Liquidity Services Price Performance

LQDT stock opened at $24.94 on Thursday. Liquidity Services, Inc. has a 52-week low of $18.78 and a 52-week high of $39.72. The stock has a market capitalization of $778.65 million, a price-to-earnings ratio of 33.25 and a beta of 1.31. The company has a 50-day moving average of $29.75 and a two-hundred day moving average of $30.53.

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

Insider Buying and Selling

In other news, Director Jaime Mateus-Tique sold 29,169 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $29.06, for a total value of $847,651.14. Following the sale, the director now owns 230,393 shares in the company, valued at approximately $6,695,220.58. The trade was a 11.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Novelette Murray sold 7,938 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total transaction of $269,574.48. Following the sale, the insider now directly owns 36,181 shares of the company's stock, valued at approximately $1,228,706.76. The trade was a 17.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 113,038 shares of company stock valued at $3,492,975 over the last ninety days. 28.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on LQDT shares. Barrington Research restated an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a report on Wednesday, March 19th. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

About Liquidity Services

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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