BNP Paribas Financial Markets Has $2.05 Million Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

BNP Paribas Financial Markets raised its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 155.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,587 shares of the business services provider’s stock after acquiring an additional 38,675 shares during the period. BNP Paribas Financial Markets owned about 0.21% of Liquidity Services worth $2,053,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of 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 purchasing an additional 30,360 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of 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 valued at $3,856,000 after purchasing an additional 61,918 shares during the period. Alliancebernstein L.P. grew 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 purchasing an additional 4,756 shares during the period. Wesbanco Bank Inc. bought a new stake in shares of Liquidity Services in the 4th quarter valued at approximately $226,000. Finally, Sei Investments Co. grew its stake in shares of Liquidity Services by 8.2% in the 4th quarter. Sei Investments Co. now owns 243,453 shares of the business services provider’s stock valued at $7,861,000 after purchasing an additional 18,450 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Transactions at Liquidity Services

In other news, insider Novelette Murray sold 7,938 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the transaction, the insider now directly owns 36,181 shares in the company, valued at $1,228,706.76. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Beatriz V. Infante sold 5,000 shares of the firm’s stock in a transaction on 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 transaction, the director now owns 82,990 shares in the company, valued at $2,934,526.40. This represents a 5.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,038 shares of company stock worth $3,669,775 in the last quarter. 28.40% of the stock is owned by company insiders.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $24.51 on Friday. The firm has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $30.53. Liquidity Services, Inc. has a fifty-two week low of $18.78 and a fifty-two week high of $39.72. The firm has a market cap of $765.23 million, a P/E ratio of 32.68 and a beta of 1.31.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $116.38 million for the quarter, compared to analyst estimates of $125.20 million. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LQDT shares. StockNews.com cut 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 price target on shares of Liquidity Services in a report on Wednesday, March 19th.

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.