Sei Investments Co. Acquires 18,450 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Sei Investments Co. lifted its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,453 shares of the business services provider's stock after acquiring an additional 18,450 shares during the quarter. Sei Investments Co. owned 0.79% of Liquidity Services worth $7,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Royce & Associates LP grew its position in Liquidity Services by 561.2% in the 4th 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 position in shares of Liquidity Services in the 4th quarter worth $2,743,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Liquidity Services by 107.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider's stock worth $3,856,000 after acquiring an additional 61,918 shares during the period. JPMorgan Chase & Co. lifted its holdings in Liquidity Services by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock valued at $1,366,000 after acquiring an additional 30,360 shares during the period. Finally, Barclays PLC lifted its holdings in Liquidity Services by 307.3% in the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock valued at $899,000 after acquiring an additional 29,746 shares during the period. 71.15% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, Director Jaime Mateus-Tique sold 35,000 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $31.93, for a total transaction of $1,117,550.00. Following the completion of the transaction, the director now owns 298,262 shares in the company, valued at approximately $9,523,505.66. This represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Beatriz V. Infante sold 5,000 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $35.36, for a total transaction of $176,800.00. Following the transaction, the director now directly owns 82,990 shares of the company's stock, valued at $2,934,526.40. The trade was a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,658 shares of company stock worth $3,496,358. 28.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LQDT. Craig Hallum upped their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, December 13th. StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Barrington Research reissued an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th.

Liquidity Services Price Performance

Shares of LQDT stock traded down $0.64 during trading hours on Thursday, reaching $31.02. 613,977 shares of the company traded hands, compared to its average volume of 192,272. The company has a market cap of $962.83 million, a P/E ratio of 41.36 and a beta of 1.26. Liquidity Services, Inc. has a 12-month low of $16.79 and a 12-month high of $39.72. The firm has a 50-day moving average price of $32.94 and a 200 day moving average price of $28.86.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings results 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 return on equity of 20.94% and a net margin of 6.37%.

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.