Robotti Robert Purchases Shares of 7,050 Liquidity Services, Inc. (NASDAQ:LQDT)

Robotti Robert acquired a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,050 shares of the business services provider’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC increased its holdings in Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after buying an additional 29,746 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Liquidity Services by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after purchasing an additional 30,360 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Liquidity Services by 107.7% during 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 purchasing an additional 61,918 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at about $518,000. Finally, Franklin Resources Inc. lifted its stake in Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 1,019 shares during the last quarter. Institutional investors own 71.15% of the company’s stock.

Wall Street Analyst Weigh In

LQDT has been the topic of a number of recent analyst reports. Craig Hallum upped their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a report on Wednesday, March 19th.

Liquidity Services Stock Down 2.5 %

Shares of LQDT stock opened at $31.83 on Thursday. Liquidity Services, Inc. has a 12-month low of $16.79 and a 12-month high of $39.72. The company has a market capitalization of $987.97 million, a PE ratio of 42.44 and a beta of 1.26. The firm has a 50 day moving average price of $33.41 and a two-hundred day moving average price of $28.52.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results 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%.

Insider Transactions at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 35,000 shares of the firm’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 transaction of $1,117,550.00. Following the transaction, the director now directly owns 298,262 shares of the company’s stock, valued at approximately $9,523,505.66. This trade represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven Weiskircher sold 10,815 shares of Liquidity Services stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $33.99, for a total transaction 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. The trade was a 15.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 105,658 shares of company stock valued at $3,562,158. 28.40% of the stock is currently owned by corporate 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.