Arrowstreet Capital Limited Partnership Has $14.77 Million Stock Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Arrowstreet Capital Limited Partnership lifted its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 57.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 457,351 shares of the business services provider's stock after acquiring an additional 167,767 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 1.47% of Liquidity Services worth $14,768,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Liquidity Services by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider's stock valued at $4,612,000 after acquiring an additional 6,341 shares during the period. BNP Paribas Financial Markets grew its position in Liquidity Services by 31.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider's stock worth $568,000 after purchasing an additional 5,929 shares during the last quarter. Centiva Capital LP bought a new position in shares of Liquidity Services during the 3rd quarter worth about $260,000. State Street Corp increased its holdings in shares of Liquidity Services by 1.7% during the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider's stock worth $19,433,000 after purchasing an additional 13,947 shares during the period. Finally, Jane Street Group LLC raised 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 valued at $1,258,000 after buying an additional 13,804 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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Liquidity Services Trading Down 5.1 %

NASDAQ LQDT traded down $1.57 on Friday, reaching $29.45. The company's stock had a trading volume of 418,280 shares, compared to its average volume of 194,056. Liquidity Services, Inc. has a 52 week low of $16.79 and a 52 week high of $39.72. The firm has a market cap of $914.10 million, a PE ratio of 39.27 and a beta of 1.39. The business has a 50-day moving average price of $32.79 and a 200 day moving average price of $28.99.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings data 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%.

Insiders Place Their Bets

In related news, SVP Steven Weiskircher sold 10,815 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.99, for a total value of $367,601.85. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total transaction of $213,717.95. Following the completion of the sale, the vice president now owns 36,083 shares in the company, valued at $1,284,193.97. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,658 shares of company stock valued at $3,496,358. 28.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LQDT shares. Barrington Research reissued an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th. Craig Hallum boosted their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th.

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.