Staley Capital Advisers Inc. Trims Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Staley Capital Advisers Inc. decreased its holdings in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,301,900 shares of the business services provider's stock after selling 453,047 shares during the quarter. Liquidity Services makes up about 1.9% of Staley Capital Advisers Inc.'s investment portfolio, making the stock its 19th largest position. Staley Capital Advisers Inc. owned approximately 4.22% of Liquidity Services worth $42,038,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in LQDT. R Squared Ltd bought a new stake in Liquidity Services in the fourth quarter valued at about $66,000. GAMMA Investing LLC boosted its stake in Liquidity Services by 11.2% during the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider's stock worth $157,000 after acquiring an additional 487 shares during the last quarter. Longboard Asset Management LP acquired a new position in Liquidity Services during the fourth quarter valued at approximately $200,000. Yousif Capital Management LLC bought a new stake in Liquidity Services in the fourth quarter valued at approximately $204,000. Finally, Arizona State Retirement System bought a new position in shares of Liquidity Services during the fourth quarter worth $214,000. Institutional investors own 71.15% of the company's stock.

Liquidity Services Trading Up 1.9 %

Shares of NASDAQ:LQDT traded up $0.57 on Friday, reaching $29.83. 171,631 shares of the company's stock were exchanged, compared to its average volume of 168,578. Liquidity Services, Inc. has a twelve month low of $16.79 and a twelve month high of $39.72. The company has a fifty day moving average of $33.84 and a 200-day moving average of $27.94. The company has a market capitalization of $925.89 million, a price-to-earnings ratio of 39.77 and a beta of 1.26.

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

Insider Transactions at Liquidity Services

In other news, Director Edward Kolodzieski sold 2,000 shares of Liquidity Services stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the completion of the transaction, the director now directly owns 17,229 shares in the company, valued at $549,605.10. This trade represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $1,661,000.00. Following the sale, the director now directly owns 103,660 shares of the company's stock, valued at $3,443,585.20. This represents a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 170,326 shares of company stock worth $5,710,365 over the last three months. 28.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Craig Hallum increased their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Barrington Research restated an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a research note on Tuesday, February 11th. Finally, StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th.

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.