Liquidity Services, Inc. (NASDAQ:LQDT) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 102.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,927 shares of the business services provider’s stock after acquiring an additional 30,360 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.19% of Liquidity Services worth $1,366,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Liquidity Services during the third quarter valued at $48,000. GAMMA Investing LLC grew its holdings in shares of Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after buying an additional 1,005 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Liquidity Services during the third quarter valued at $260,000. SG Americas Securities LLC purchased a new position in shares of Liquidity Services during the third quarter valued at $298,000. Finally, Franklin Resources Inc. boosted its position in Liquidity Services by 7.3% during the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 1,019 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Liquidity Services

In other news, CFO Jorge Celaya sold 16,540 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the sale, the chief financial officer now directly 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 document filed with the SEC, which is accessible through this link. Also, Director Jaime Mateus-Tique sold 50,000 shares of the company’s 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 sale, the director now owns 103,660 shares in the company, valued at approximately $3,443,585.20. This represents a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,668 shares of company stock worth $3,331,558 over the last three months. Company insiders own 29.77% of the company’s stock.

Analyst Ratings Changes

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

Liquidity Services Stock Performance

NASDAQ LQDT opened at $36.10 on Friday. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $36.64. The stock has a market capitalization of $1.11 billion, a PE ratio of 57.30 and a beta of 1.37. The stock has a 50-day simple moving average of $30.24 and a 200 day simple moving average of $24.88.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, December 12th. The business services provider reported $0.32 earnings per share for the quarter. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%. During the same quarter in the previous year, the firm posted $0.26 earnings per share.

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.