Magnetar Financial LLC purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,816 shares of the business services provider's stock, valued at approximately $349,000.
Other large investors have also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new stake in Liquidity Services during the 4th quarter valued at $613,000. Harvest Fund Management Co. Ltd bought a new position in shares of Liquidity Services during the 4th quarter worth $38,000. Maryland State Retirement & Pension System purchased a new position in shares of Liquidity Services during the fourth quarter valued at $242,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Liquidity Services in the fourth quarter valued at about $330,000. Finally, Royce & Associates LP lifted its stake in Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock worth $4,574,000 after acquiring an additional 120,226 shares during the period. Hedge funds and other institutional investors own 71.15% of the company's stock.
Liquidity Services Price Performance
Liquidity Services stock traded down $0.65 during trading hours on Thursday, reaching $31.18. The stock had a trading volume of 238,828 shares, compared to its average volume of 174,955. The company has a market cap of $967.80 million, a price-to-earnings ratio of 41.57 and a beta of 1.26. The business's 50 day moving average price is $33.41 and its 200-day moving average price is $28.52. Liquidity Services, Inc. has a 52 week low of $16.79 and a 52 week high of $39.72.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.
Insider Transactions at Liquidity Services
In related news, Director Edward Kolodzieski sold 2,000 shares of the business's stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00. Following the transaction, the director now directly owns 15,229 shares in the company, valued at $501,034.10. The trade was a 11.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $367,601.85. Following the completion of the sale, the senior vice president now owns 58,401 shares of the company's stock, valued at approximately $1,985,049.99. This trade represents a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 105,658 shares of company stock valued at $3,562,158. Corporate insiders own 28.40% of the company's stock.
Wall Street Analyst Weigh In
LQDT has been the subject of several recent research reports. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Craig Hallum lifted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, Barrington Research restated an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th.
Check Out Our Latest Analysis on Liquidity Services
Liquidity Services Profile
(
Free Report)
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.
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