ExodusPoint Capital Management LP Takes $583,000 Position in Liquidity Services, Inc. (NASDAQ:LQDT)

ExodusPoint Capital Management LP acquired 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 filing with the SEC. The fund acquired 18,052 shares of the business services provider's stock, valued at approximately $583,000. ExodusPoint Capital Management LP owned approximately 0.06% of Liquidity Services as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its stake in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after purchasing an additional 167,767 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Liquidity Services by 561.2% during the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock worth $4,574,000 after purchasing an additional 120,226 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Liquidity Services in the fourth quarter valued at approximately $2,743,000. JPMorgan Chase & Co. increased its holdings in Liquidity Services by 140.4% in the 4th quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider's stock worth $4,652,000 after buying an additional 84,154 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Liquidity Services by 107.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider's stock valued at $3,856,000 after acquiring an additional 61,918 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company's stock.

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Insider Activity

In other Liquidity Services news, Director Jaime Mateus-Tique sold 931 shares of the business's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $29.43, for a total transaction of $27,399.33. Following the transaction, the director now owns 224,562 shares of the company's stock, valued at approximately $6,608,859.66. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Mark A. Shaffer sold 6,005 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was 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 directly owns 36,083 shares of the company's stock, valued at $1,284,193.97. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,758 shares of company stock worth $4,371,408 over the last quarter. 28.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Liquidity Services Stock Performance

Shares of NASDAQ:LQDT traded up $0.71 during midday trading on Tuesday, reaching $30.39. 372,938 shares of the company's stock traded hands, compared to its average volume of 200,893. The company has a fifty day simple moving average of $31.91 and a two-hundred day simple moving average of $29.33. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72. The company has a market cap of $943.28 million, a P/E ratio of 40.52 and a beta of 1.39.

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

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.