GAMMA Investing LLC Purchases 487 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

GAMMA Investing LLC raised its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 11.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,849 shares of the business services provider’s stock after acquiring an additional 487 shares during the quarter. GAMMA Investing LLC’s holdings in Liquidity Services were worth $157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Liquidity Services during the 3rd quarter valued at about $48,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Liquidity Services during the second quarter valued at approximately $87,000. Centiva Capital LP purchased a new position in Liquidity Services during the 3rd quarter valued at about $260,000. SG Americas Securities LLC bought a new stake in shares of Liquidity Services in the 3rd quarter worth approximately $298,000. Finally, Franklin Resources Inc. raised its position in shares of Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock worth $339,000 after purchasing an additional 1,019 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Liquidity Services Trading Up 0.0 %

Shares of Liquidity Services stock opened at $33.99 on Thursday. Liquidity Services, Inc. has a 12 month low of $13.99 and a 12 month high of $36.00. The firm has a market cap of $1.04 billion, a P/E ratio of 53.95 and a beta of 1.37. The stock’s fifty day moving average price is $27.83 and its 200-day moving average price is $23.77.

Insider Transactions at Liquidity Services

In related news, EVP John Daunt sold 4,546 shares of Liquidity Services stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total value of $144,017.28. Following the completion of the transaction, the executive vice president now owns 43,309 shares in the company, valued at $1,372,029.12. The trade was a 9.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the transaction, the chief financial officer now directly owns 33,608 shares of the company’s stock, valued at $1,146,032.80. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 101,668 shares of company stock valued at $3,331,558 in the last 90 days. Insiders own 29.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities 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 reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a report on Tuesday, December 10th. Finally, Craig Hallum raised their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Liquidity Services Company 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.