LPL Financial LLC Acquires Shares of 11,419 Liquidity Services, Inc. (NASDAQ:LQDT)

LPL Financial LLC 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,419 shares of the business services provider's stock, valued at approximately $369,000.

Several other large investors have also modified their holdings of the business. Geode Capital Management LLC boosted its stake in Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock worth $11,757,000 after buying an additional 2,392 shares during the period. Sei Investments Co. increased its holdings in Liquidity Services by 8.2% in the 4th quarter. Sei Investments Co. now owns 243,453 shares of the business services provider's stock valued at $7,861,000 after purchasing an additional 18,450 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Liquidity Services by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider's stock valued at $6,631,000 after purchasing an additional 3,077 shares during the period. Hillsdale Investment Management Inc. boosted its position in shares of Liquidity Services by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 192,908 shares of the business services provider's stock worth $6,229,000 after buying an additional 1,400 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock valued at $4,574,000 after buying an additional 120,226 shares in the last quarter. Institutional investors and hedge funds own 71.15% of the company's stock.

Liquidity Services Stock Down 0.3 %

Shares of LQDT traded down $0.10 on Thursday, reaching $31.68. The stock had a trading volume of 9,302 shares, compared to its average volume of 206,206. The firm has a 50-day moving average of $30.99 and a 200 day moving average of $29.97. The firm has a market capitalization of $983.32 million, a PE ratio of 42.24 and a beta of 1.39. Liquidity Services, Inc. has a twelve month low of $17.17 and a twelve month high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Insider Activity at Liquidity Services

In other news, VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total value of $213,717.95. Following the completion of the sale, the vice president now owns 36,083 shares of the company's stock, valued at $1,284,193.97. This represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jaime Mateus-Tique sold 29,169 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 230,393 shares in the company, valued at approximately $6,695,220.58. This represents a 11.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,758 shares of company stock worth $5,286,708. 28.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LQDT. StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Barrington Research reiterated an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Wednesday, March 19th.

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.