JPMorgan Chase & Co. Acquires 84,154 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

JPMorgan Chase & Co. grew its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 140.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 144,081 shares of the business services provider's stock after purchasing an additional 84,154 shares during the period. JPMorgan Chase & Co. owned about 0.47% of Liquidity Services worth $4,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new position in shares of Liquidity Services during the 4th quarter worth approximately $38,000. R Squared Ltd bought a new stake in Liquidity Services during the fourth quarter worth $66,000. KLP Kapitalforvaltning AS acquired a new stake in Liquidity Services in the 4th quarter valued at about $132,000. GAMMA Investing LLC lifted its position in shares of Liquidity Services by 11.2% in the fourth quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock valued at $157,000 after buying an additional 487 shares during the last quarter. Finally, Longboard Asset Management LP bought a new position in Liquidity Services during the fourth quarter worth $200,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Stock Up 2.6 %

LQDT traded up $0.79 during midday trading on Wednesday, hitting $31.51. The company had a trading volume of 190,546 shares, compared to its average volume of 204,135. Liquidity Services, Inc. has a 52 week low of $17.07 and a 52 week high of $39.72. The stock's 50 day moving average price is $31.49 and its 200 day moving average price is $29.63. The company has a market capitalization of $978.04 million, a price-to-earnings ratio of 42.01 and a beta of 1.39.

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

Wall Street Analyst Weigh In

LQDT has been the subject of several analyst reports. StockNews.com cut 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 issued a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th.

Insider Activity at Liquidity Services

In related news, CFO Jorge Celaya sold 7,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $35.33, for a total transaction of $264,975.00. Following the transaction, the chief financial officer now owns 27,275 shares of the company's stock, valued at approximately $963,625.75. This trade represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jaime Mateus-Tique sold 29,169 shares of Liquidity Services stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $29.06, for a total value of $847,651.14. Following the completion of the transaction, the director now directly owns 230,393 shares in the company, valued at $6,695,220.58. This trade represents a 11.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,758 shares of company stock valued at $4,668,608. Corporate insiders own 28.40% of the company's stock.

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.