Teacher Retirement System of Texas Buys New Shares in Liquidity Services, Inc. (NASDAQ:LQDT)

Teacher Retirement System of Texas acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,988 shares of the business services provider's stock, valued at approximately $613,000. Teacher Retirement System of Texas owned approximately 0.06% of Liquidity Services as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of Liquidity Services by 307.3% in the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock valued at $899,000 after purchasing an additional 29,746 shares during the period. JPMorgan Chase & Co. increased its stake in Liquidity Services by 102.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock valued at $1,366,000 after buying an additional 30,360 shares during the period. Allspring Global Investments Holdings LLC lifted its position in 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 worth $3,856,000 after buying an additional 61,918 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Liquidity Services during the 3rd quarter valued at $518,000. Finally, Franklin Resources Inc. boosted its stake in shares of Liquidity Services by 7.3% during the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock valued at $339,000 after buying an additional 1,019 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

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Liquidity Services Stock Performance

Shares of Liquidity Services stock traded down $0.64 during midday trading on Thursday, reaching $31.02. 613,977 shares of the company's stock traded hands, compared to its average volume of 192,272. Liquidity Services, Inc. has a 52 week low of $16.79 and a 52 week high of $39.72. The company's 50 day simple moving average is $32.94 and its 200 day simple moving average is $28.86. The company has a market cap of $962.83 million, a price-to-earnings ratio of 41.36 and a beta of 1.26.

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, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Analysts Set New Price Targets

LQDT has been the subject of several recent research reports. StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Wednesday, March 19th. Finally, Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a report on Friday, December 13th.

Insider Buying and Selling

In other news, CFO Jorge Celaya sold 7,500 shares of Liquidity Services stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total value of $264,975.00. Following the transaction, the chief financial officer now directly owns 27,275 shares in the company, valued at approximately $963,625.75. The trade was a 21.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jaime Mateus-Tique sold 35,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $31.93, for a total value of $1,117,550.00. Following the transaction, the director now directly owns 298,262 shares of the company's stock, valued at $9,523,505.66. This represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,658 shares of company stock worth $3,496,358. 28.40% of the stock is currently owned by insiders.

Liquidity Services Company 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.