Jane Street Group LLC Has $1.12 Million Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Jane Street Group LLC trimmed its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 37.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 34,537 shares of the business services provider's stock after selling 20,636 shares during the period. Jane Street Group LLC owned approximately 0.11% of Liquidity Services worth $1,115,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Harvest Fund Management Co. Ltd bought a new position in shares of Liquidity Services in the fourth quarter worth about $38,000. Quarry LP bought a new position in shares of Liquidity Services in the fourth quarter worth about $47,000. Aquatic Capital Management LLC raised its stake in shares of Liquidity Services by 257.6% in the fourth 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 position in shares of Liquidity Services in the fourth quarter worth about $66,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Liquidity Services in the fourth quarter worth about $132,000. 71.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LQDT. Wall Street Zen downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th.

Insider Buying and Selling

In other news, Director Jaime Mateus-Tique sold 29,169 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 230,393 shares in the company, valued at $6,695,220.58. This represents a 11.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 105,100 shares of company stock valued at $3,223,400 over the last ninety days. Insiders own 28.40% of the company's stock.

Liquidity Services Trading Down 0.7%

Shares of LQDT traded down $0.17 on Tuesday, reaching $23.59. 254,147 shares of the company's stock were exchanged, compared to its average volume of 230,314. The stock has a market capitalization of $736.50 million, a P/E ratio of 31.45 and a beta of 1.31. The business has a 50 day moving average price of $29.25 and a two-hundred day moving average price of $30.60. Liquidity Services, Inc. has a 12 month low of $18.87 and a 12 month high of $39.72.

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

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.