Point72 Asset Management L.P. Purchases New Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Point72 Asset Management L.P. acquired a new position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,400 shares of the business services provider's stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Liquidity Services by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after purchasing an additional 30,360 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in Liquidity Services during the fourth quarter valued at about $226,000. Exchange Traded Concepts LLC increased its position in Liquidity Services by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 35,493 shares of the business services provider's stock worth $1,146,000 after buying an additional 900 shares in the last quarter. Linden Thomas Advisory Services LLC bought a new position in shares of Liquidity Services in the fourth quarter worth about $220,000. Finally, R Squared Ltd bought a new position in shares of Liquidity Services in the fourth quarter worth about $66,000. 71.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Barrington Research reissued an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th. Wall Street Zen downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th.

Insider Activity at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 35,000 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.93, for a total transaction of $1,117,550.00. Following the completion of the transaction, the director now owns 298,262 shares in the company, valued at $9,523,505.66. This trade represents a 10.50% 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. 28.40% of the stock is owned by corporate insiders.

Liquidity Services Stock Down 1.4%

LQDT stock traded down $0.34 during midday trading on Wednesday, hitting $23.26. The company's stock had a trading volume of 36,669 shares, compared to its average volume of 229,574. The company has a 50 day moving average of $29.25 and a two-hundred day moving average of $30.60. Liquidity Services, Inc. has a 12 month low of $18.87 and a 12 month high of $39.72. The firm has a market capitalization of $726.04 million, a price-to-earnings ratio of 31.01 and a beta of 1.31.

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

Liquidity Services Company 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.