Marshall Wace LLP Purchases Shares of 107,683 Liquidity Services, Inc. (NASDAQ:LQDT)

Marshall Wace LLP bought a new position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 107,683 shares of the business services provider's stock, valued at approximately $3,477,000. Marshall Wace LLP owned 0.35% of Liquidity Services as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of LQDT. Jane Street Group LLC boosted its position in shares of Liquidity Services by 33.4% during the third quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider's stock worth $1,258,000 after acquiring an additional 13,804 shares during the last quarter. Barclays PLC lifted its position in shares of Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock worth $899,000 after buying an additional 29,746 shares in the last quarter. 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 valued at $11,757,000 after buying an additional 2,392 shares during the last quarter. Franklin Resources Inc. grew its holdings in Liquidity Services by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock valued at $339,000 after buying an additional 1,019 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Liquidity Services by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after acquiring an additional 30,360 shares in the last quarter. 71.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LQDT shares. StockNews.com 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 objective on shares of Liquidity Services in a research note on Wednesday, March 19th.

Insider Activity

In other Liquidity Services news, SVP Steven Weiskircher sold 10,815 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.99, for a total transaction of $367,601.85. Following the sale, the senior vice president now owns 58,401 shares in the company, valued at approximately $1,985,049.99. This represents a 15.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jorge Celaya sold 7,500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total value of $264,975.00. Following the completion of the transaction, the chief financial officer now directly owns 27,275 shares of the company's stock, valued at approximately $963,625.75. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,758 shares of company stock worth $5,286,708 over the last ninety days. 28.40% of the stock is currently owned by insiders.

Liquidity Services Stock Up 0.5 %

Liquidity Services stock traded up $0.17 during midday trading on Thursday, reaching $31.95. The stock had a trading volume of 21,492 shares, compared to its average volume of 206,267. The firm has a market cap of $991.54 million, a price-to-earnings ratio of 42.60 and a beta of 1.39. The company has a fifty day moving average of $30.99 and a 200 day moving average of $29.97. Liquidity Services, Inc. has a 52-week low of $17.17 and a 52-week high of $39.72.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) 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%.

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.