Jane Street Group LLC Purchases 13,804 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Jane Street Group LLC lifted its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 33.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 55,173 shares of the business services provider’s stock after purchasing an additional 13,804 shares during the period. Jane Street Group LLC owned about 0.18% of Liquidity Services worth $1,258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. nVerses Capital LLC acquired a new position in shares of Liquidity Services during the third quarter worth $48,000. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services in the second quarter valued at $87,000. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 1,005 shares during the period. Centiva Capital LP acquired a new stake in Liquidity Services in the 3rd quarter valued at $260,000. Finally, SG Americas Securities LLC purchased a new position in Liquidity Services in the 3rd quarter valued at about $298,000. Institutional investors own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, Craig Hallum increased their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

Insider Buying and Selling at Liquidity Services

In other news, EVP John Daunt sold 4,546 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total value of $144,017.28. Following the completion of the sale, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at approximately $1,372,029.12. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jaime Mateus-Tique sold 50,000 shares of Liquidity Services stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the completion of the transaction, the director now owns 103,660 shares in the company, valued at $3,443,585.20. This trade represents a 32.54 % 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 90 days. Corporate insiders own 29.77% of the company’s stock.

Liquidity Services Trading Down 1.5 %

LQDT stock opened at $32.07 on Friday. The company’s 50 day moving average is $26.07 and its two-hundred day moving average is $23.01. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $36.00. The stock has a market cap of $985.86 million, a P/E ratio of 50.91 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.