BNP Paribas Financial Markets Purchases 5,929 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

BNP Paribas Financial Markets grew its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 31.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,912 shares of the business services provider’s stock after purchasing an additional 5,929 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Liquidity Services worth $568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares during the period. nVerses Capital LLC purchased a new position in Liquidity Services in the third quarter worth $48,000. Public Sector Pension Investment Board increased its position in shares of Liquidity Services by 5.2% during the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock worth $978,000 after purchasing an additional 2,430 shares in the last quarter. Willis Investment Counsel raised its stake in Liquidity Services by 5.7% in the third quarter. Willis Investment Counsel now owns 51,520 shares of the business services provider’s stock valued at $1,175,000 after buying an additional 2,795 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Liquidity Services by 6.9% in the second quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after acquiring an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday. Craig Hallum lifted 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. Finally, Barrington Research reissued an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a report on Tuesday.

Liquidity Services Price Performance

NASDAQ:LQDT opened at $35.54 on Friday. The company has a 50 day moving average price of $24.18 and a 200-day moving average price of $22.13. Liquidity Services, Inc. has a 1-year low of $13.99 and a 1-year high of $35.80. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 56.41 and a beta of 1.42.

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.