Liquidity Services, Inc. (NASDAQ:LQDT) Shares Acquired by State Street Corp

State Street Corp lifted its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 1.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 852,306 shares of the business services provider’s stock after purchasing an additional 13,947 shares during the period. State Street Corp owned about 2.79% of Liquidity Services worth $19,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Panagora Asset Management Inc. raised its position in shares of Liquidity Services by 14.6% in the second quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock worth $2,446,000 after acquiring an additional 15,592 shares during the period. Victory Capital Management Inc. raised its holdings in Liquidity Services by 6.9% in the 2nd quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after purchasing an additional 3,700 shares during the period. Acadian Asset Management LLC boosted its position in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after purchasing an additional 68,407 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Liquidity Services in the second quarter valued at approximately $87,000. Finally, Rice Hall James & Associates LLC increased its position in shares of Liquidity Services by 6.7% in the second quarter. Rice Hall James & Associates LLC now owns 362,464 shares of the business services provider’s stock valued at $7,242,000 after buying an additional 22,626 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Liquidity Services news, CFO Jorge Celaya sold 16,540 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the sale, the chief financial officer now owns 33,608 shares in the company, valued at approximately $1,146,032.80. This represents a 32.98 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $31.90, for a total value of $63,800.00. Following the transaction, the director now owns 17,229 shares in the company, valued at approximately $549,605.10. This represents a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,668 shares of company stock worth $3,265,758 over the last three months. Insiders own 29.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LQDT. Barrington Research reissued an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th. Craig Hallum lifted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday.

Liquidity Services Stock Performance

NASDAQ LQDT opened at $31.20 on Tuesday. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $36.00. The business has a fifty day moving average price of $25.14 and a 200 day moving average price of $22.60. The company has a market cap of $952.54 million, a P/E ratio of 49.52 and a beta of 1.42.

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.