Barclays PLC Raises Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Barclays PLC lifted its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 307.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,427 shares of the business services provider's stock after acquiring an additional 29,746 shares during the quarter. Barclays PLC owned approximately 0.13% of Liquidity Services worth $899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC bought a new position in shares of Liquidity Services in the third quarter worth approximately $2,749,000. Pacer Advisors Inc. boosted its holdings in Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock worth $20,092,000 after buying an additional 76,794 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Liquidity Services in the 3rd quarter worth $1,311,000. Intech Investment Management LLC purchased a new stake in Liquidity Services in the 3rd quarter worth $518,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Liquidity Services during the third quarter valued at about $496,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LQDT shares. Craig Hallum upped their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Barrington Research restated an "outperform" rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th. Finally, StockNews.com upgraded shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a research report on Saturday, December 21st.

Insider Transactions at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 50,000 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the transaction, the director now owns 103,660 shares in the company, valued at $3,443,585.20. The trade was a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total value of $65,800.00. Following the completion of the sale, the director now owns 15,229 shares in the company, valued at approximately $501,034.10. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,668 shares of company stock worth $3,331,558 in the last three months. Insiders own 29.77% of the company's stock.

Liquidity Services Trading Up 3.4 %

Shares of LQDT stock traded up $1.19 on Wednesday, reaching $35.74. The company's stock had a trading volume of 305,188 shares, compared to its average volume of 218,950. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00. The stock's fifty day simple moving average is $28.78 and its 200-day simple moving average is $24.19. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 56.73 and a beta of 1.37.

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.