Robotti Robert Buys Shares of 7,050 Liquidity Services, Inc. (NASDAQ:LQDT)

Robotti Robert purchased a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,050 shares of the business services provider’s stock, valued at approximately $228,000.

Several other large investors have also made changes to their positions in LQDT. JPMorgan Chase & Co. boosted its stake in Liquidity Services by 140.4% in the fourth quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider’s stock valued at $4,652,000 after buying an additional 84,154 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in shares of Liquidity Services by 18.3% in the fourth quarter. EntryPoint Capital LLC now owns 10,547 shares of the business services provider’s stock worth $341,000 after acquiring an additional 1,635 shares during the last quarter. LPL Financial LLC acquired a new stake in shares of Liquidity Services in the 4th quarter valued at approximately $369,000. KLP Kapitalforvaltning AS bought a new stake in shares of Liquidity Services during the 4th quarter valued at approximately $132,000. Finally, Hillsdale Investment Management Inc. grew its holdings in shares of Liquidity Services by 0.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 192,908 shares of the business services provider’s stock valued at $6,229,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insider Activity at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $31.93, for a total value of $1,117,550.00. Following the transaction, the director now directly owns 298,262 shares of the company’s stock, valued at $9,523,505.66. The trade was a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total transaction of $213,717.95. Following the sale, the vice president now directly owns 36,083 shares of the company’s stock, valued at $1,284,193.97. This represents a 14.27 % 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 three months. Company insiders own 28.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a report on Wednesday, March 19th. Finally, Craig Hallum boosted their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

Liquidity Services Price Performance

Shares of NASDAQ LQDT opened at $31.83 on Thursday. The company has a 50 day simple moving average of $33.41 and a 200 day simple moving average of $28.52. Liquidity Services, Inc. has a 1 year low of $16.79 and a 1 year high of $39.72. The firm has a market cap of $987.97 million, a PE ratio of 42.44 and a beta of 1.26.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (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%.

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.