Barclays PLC Raises Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Barclays PLC raised its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,856 shares of the business services provider’s stock after acquiring an additional 1,429 shares during the quarter. Barclays PLC owned approximately 0.13% of Liquidity Services worth $1,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted 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 worth $1,366,000 after purchasing an additional 30,360 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Liquidity Services by 107.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock valued at $3,856,000 after acquiring an additional 61,918 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Liquidity Services by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider’s stock valued at $745,000 after acquiring an additional 4,756 shares during the period. Wesbanco Bank Inc. acquired a new position in shares of Liquidity Services in the 4th quarter worth approximately $226,000. Finally, Sei Investments Co. boosted its position in shares of Liquidity Services by 8.2% during 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 during the period. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LQDT shares. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Barrington Research reaffirmed 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 Stock Performance

Shares of NASDAQ LQDT opened at $32.07 on Friday. The stock’s 50-day simple moving average is $30.92 and its 200-day simple moving average is $30.15. The firm has a market capitalization of $995.42 million, a PE ratio of 42.76 and a beta of 1.39. Liquidity Services, Inc. has a fifty-two week low of $17.33 and a fifty-two week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data 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 Activity at Liquidity Services

In other news, Director Beatriz V. Infante sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was 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 directly owns 82,990 shares of the company’s stock, valued at approximately $2,934,526.40. The trade was a 5.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark A. Shaffer sold 6,005 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total value of $213,717.95. Following the transaction, the vice president now owns 36,083 shares in the company, valued at $1,284,193.97. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,758 shares of company stock valued at $5,286,708 over the last ninety days. Insiders own 28.40% of the company’s stock.

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.