91,934 Shares in Liquidity Services, Inc. (NASDAQ:LQDT) Purchased by Walleye Capital LLC

Walleye Capital LLC purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 91,934 shares of the business services provider's stock, valued at approximately $2,969,000. Walleye Capital LLC owned approximately 0.30% of Liquidity Services at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider's stock worth $19,433,000 after buying an additional 13,947 shares during the last quarter. Geode Capital Management LLC grew its position in Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock worth $11,757,000 after acquiring an additional 2,392 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Liquidity Services by 57.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock valued at $14,768,000 after acquiring an additional 167,767 shares during the last quarter. Sei Investments Co. raised its position in Liquidity Services by 8.2% during the fourth 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Liquidity Services by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider's stock worth $6,631,000 after purchasing an additional 3,077 shares during the last quarter. Institutional investors own 71.15% of the company's stock.

Liquidity Services Price Performance

NASDAQ LQDT traded up $0.73 during trading on Wednesday, hitting $31.45. 97,317 shares of the company's stock traded hands, compared to its average volume of 203,767. The stock has a fifty day moving average of $31.49 and a two-hundred day moving average of $29.63. Liquidity Services, Inc. has a 12-month low of $17.07 and a 12-month high of $39.72. The firm has a market cap of $976.18 million, a P/E ratio of 41.93 and a beta of 1.39.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LQDT shares. StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Barrington Research reissued an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th.

Insider Activity at Liquidity Services

In other news, SVP Steven Weiskircher sold 10,815 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.99, for a total transaction of $367,601.85. Following the completion of the sale, the senior vice president now directly owns 58,401 shares in the company, valued at approximately $1,985,049.99. This represents a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark A. Shaffer sold 6,005 shares of the business's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total value of $213,717.95. Following the transaction, the vice president now owns 36,083 shares in the company, valued at approximately $1,284,193.97. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,758 shares of company stock worth $4,668,608 in the last three months. 28.40% of the stock is owned by insiders.

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.