Sei Investments Co. Increases Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Sei Investments Co. increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 243,453 shares of the business services provider’s stock after buying an additional 18,450 shares during the period. Sei Investments Co. owned about 0.79% of Liquidity Services worth $7,861,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in Liquidity Services by 10.4% during the 4th quarter. American Century Companies Inc. now owns 48,324 shares of the business services provider’s stock worth $1,560,000 after acquiring an additional 4,556 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Liquidity Services in the fourth quarter valued at $272,000. Magnetar Financial LLC purchased a new stake in Liquidity Services during the 4th quarter worth about $349,000. Teacher Retirement System of Texas acquired a new position in shares of Liquidity Services during the 4th quarter worth about $613,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Liquidity Services in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Transactions at Liquidity Services

In other Liquidity Services news, SVP Steven Weiskircher sold 10,815 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the transaction, the senior vice president now directly owns 58,401 shares of the company’s stock, valued at approximately $1,985,049.99. The trade was a 15.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00. Following the completion of the sale, the director now owns 15,229 shares of the company’s stock, valued at $501,034.10. This trade represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 105,658 shares of company stock worth $3,562,158 over the last 90 days. 28.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LQDT shares. Barrington Research restated an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th. Craig Hallum raised their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Liquidity Services Price Performance

LQDT stock opened at $31.39 on Monday. The company has a market cap of $974.31 million, a price-to-earnings ratio of 41.85 and a beta of 1.26. The company has a fifty day moving average price of $33.28 and a 200 day moving average price of $28.70. Liquidity Services, Inc. has a 12 month low of $16.79 and a 12 month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

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.