Two Sigma Advisers LP increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 48.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,300 shares of the business services provider's stock after buying an additional 22,600 shares during the period. Two Sigma Advisers LP owned about 0.22% of Liquidity Services worth $2,238,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in shares of Liquidity Services during the fourth quarter worth $66,000. Willis Investment Counsel boosted its position in shares of Liquidity Services by 1.6% during the 4th quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider's stock worth $1,689,000 after acquiring an additional 800 shares in the last quarter. Longboard Asset Management LP acquired a new position in shares of Liquidity Services during the 4th quarter worth about $200,000. Yousif Capital Management LLC purchased a new position in shares of Liquidity Services in the 4th quarter valued at about $204,000. Finally, Eagle Ridge Investment Management purchased a new position in shares of Liquidity Services in the 4th quarter valued at about $276,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Liquidity Services
In related news, Director Jaime Mateus-Tique sold 10,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $31.55, for a total transaction of $315,500.00. Following the sale, the director now owns 184,562 shares of the company's stock, valued at approximately $5,822,931.10. The trade was a 5.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 105,100 shares of company stock valued at $3,223,400. 28.40% of the stock is owned by company insiders.
Liquidity Services Stock Performance
NASDAQ:LQDT traded down $0.18 during mid-day trading on Monday, reaching $23.19. The stock had a trading volume of 227,001 shares, compared to its average volume of 232,959. Liquidity Services, Inc. has a twelve month low of $18.87 and a twelve month high of $39.72. The business has a 50 day simple moving average of $28.54 and a 200 day simple moving average of $30.58. The firm has a market capitalization of $724.01 million, a price-to-earnings ratio of 30.92 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 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.31. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%. The business had revenue of $116.38 million during the quarter, compared to the consensus estimate of $125.20 million.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on LQDT. Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Barrington Research restated an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th.
View Our Latest Stock Analysis on Liquidity Services
About Liquidity Services
(
Free Report)
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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