Barclays PLC Grows Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Barclays PLC grew its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 307.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,427 shares of the business services provider’s stock after purchasing an additional 29,746 shares during the quarter. Barclays PLC owned approximately 0.13% of Liquidity Services worth $899,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings in Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after buying an additional 2,392 shares in the last quarter. Jane Street Group LLC increased its position in shares of Liquidity Services by 33.4% during the third quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider’s stock worth $1,258,000 after acquiring an additional 13,804 shares during the period. State Street Corp raised its stake in shares of Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock valued at $19,433,000 after acquiring an additional 13,947 shares in the last quarter. Petrus Trust Company LTA boosted its holdings in shares of Liquidity Services by 147.6% in the third quarter. Petrus Trust Company LTA now owns 32,674 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 19,479 shares during the period. Finally, Centiva Capital LP bought a new position in Liquidity Services in the third quarter worth approximately $260,000. 71.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 transaction, the director now owns 103,660 shares of the company’s stock, valued at $3,443,585.20. The trade was a 32.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the sale, the director now directly owns 17,229 shares of the company’s stock, valued at $549,605.10. The trade was a 10.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 101,668 shares of company stock worth $3,331,558 in the last three months. 29.77% of the stock is owned by insiders.

Liquidity Services Stock Up 4.2 %

Liquidity Services stock opened at $34.55 on Wednesday. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $36.00. The business has a fifty day moving average of $28.53 and a two-hundred day moving average of $24.08. The firm has a market cap of $1.06 billion, a P/E ratio of 54.84 and a beta of 1.37.

Analyst Ratings Changes

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

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.