Charles Schwab Investment Management Inc. Boosts Holdings in Liquidity Services, Inc. (NASDAQ:LQDT)

Charles Schwab Investment Management Inc. grew its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 205,353 shares of the business services provider’s stock after buying an additional 3,077 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.67% of Liquidity Services worth $6,631,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in shares of Liquidity Services during the 3rd quarter worth approximately $518,000. Dynamic Technology Lab Private Ltd purchased a new stake in Liquidity Services during the third quarter worth $496,000. BNP Paribas Financial Markets increased its holdings in Liquidity Services by 31.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider’s stock valued at $568,000 after acquiring an additional 5,929 shares in the last quarter. Centiva Capital LP acquired a new stake in Liquidity Services during the 3rd quarter valued at $260,000. Finally, Petrus Trust Company LTA raised its stake in Liquidity Services by 147.6% in the 3rd 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 last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Activity

In other Liquidity Services news, SVP Steven Weiskircher sold 10,815 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the completion of the transaction, the senior vice president now directly owns 58,401 shares of the company’s stock, valued at $1,985,049.99. This represents a 15.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Novelette Murray sold 7,938 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total value of $269,574.48. Following the sale, the insider now owns 36,181 shares of the company’s stock, valued at $1,228,706.76. This represents a 17.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 70,658 shares of company stock worth $2,444,608. 28.40% of the stock is currently owned by corporate insiders.

Liquidity Services Trading Up 3.6 %

LQDT stock opened at $32.73 on Tuesday. The stock has a 50-day moving average price of $33.53 and a two-hundred day moving average price of $28.42. The company has a market cap of $1.02 billion, a PE ratio of 43.64 and a beta of 1.26. Liquidity Services, Inc. has a 12-month low of $16.79 and a 12-month high of $39.72.

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

Wall Street Analyst Weigh In

LQDT has been the topic of a number of recent analyst reports. Craig Hallum increased their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a research report on Wednesday, March 19th.

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.