Arrowstreet Capital Limited Partnership Raises Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Arrowstreet Capital Limited Partnership grew its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 57.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 457,351 shares of the business services provider’s stock after acquiring an additional 167,767 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.47% of Liquidity Services worth $14,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its holdings in Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after purchasing an additional 13,947 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after buying an additional 2,392 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Liquidity Services by 8.2% in the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider’s stock worth $7,861,000 after buying an additional 18,450 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Liquidity Services by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider’s stock worth $6,631,000 after acquiring an additional 3,077 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in Liquidity Services by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 192,908 shares of the business services provider’s stock valued at $6,229,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on LQDT shares. Barrington Research reiterated an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a research note on Wednesday, March 19th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Craig Hallum lifted their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

Insider Buying and Selling

In other Liquidity Services news, Director Beatriz V. Infante sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $35.36, for a total value of $176,800.00. Following the completion of the sale, the director now owns 82,990 shares of the company’s stock, valued at $2,934,526.40. This trade represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jaime Mateus-Tique sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $31.93, for a total value of $1,117,550.00. Following the transaction, the director now owns 298,262 shares of the company’s stock, valued at $9,523,505.66. This trade represents a 10.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,658 shares of company stock worth $3,496,358 over the last three months. 28.40% of the stock is owned by insiders.

Liquidity Services Stock Down 5.1 %

Liquidity Services stock opened at $29.45 on Friday. The company’s 50-day moving average price is $32.79 and its 200-day moving average price is $28.91. The company has a market cap of $914.10 million, a PE ratio of 39.27 and a beta of 1.39. Liquidity Services, Inc. has a twelve month low of $16.79 and a twelve month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping 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%.

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.