Point72 Asset Management L.P. Invests $497,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Point72 Asset Management L.P. bought a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,400 shares of the business services provider's stock, valued at approximately $497,000.

Several other hedge funds have also made changes to their positions in LQDT. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $38,000. Quarry LP acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $47,000. Aquatic Capital Management LLC boosted its stake in shares of 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 during the period. R Squared Ltd acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $66,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $132,000. Institutional investors and hedge funds own 71.15% of the company's stock.

Insider Activity

In other news, Director Jaime Mateus-Tique sold 29,169 shares of Liquidity Services stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.06, for a total transaction of $847,651.14. Following the completion of the sale, the director now directly owns 230,393 shares in the company, valued at approximately $6,695,220.58. This trade represents a 11.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total transaction of $269,574.48. Following the sale, the insider now 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 113,038 shares of company stock worth $3,492,975. Company insiders own 28.40% of the company's stock.

Liquidity Services Stock Up 0.3%

Shares of NASDAQ:LQDT opened at $25.02 on Friday. The company has a market cap of $781.15 million, a P/E ratio of 33.36 and a beta of 1.31. Liquidity Services, Inc. has a 52 week low of $18.78 and a 52 week high of $39.72. The company has a 50-day moving average price of $29.65 and a 200 day moving average price of $30.55.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.31 EPS 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LQDT shares. 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. Barrington Research restated an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research report 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.

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