6,195 Shares in Liquidity Services, Inc. (NASDAQ:LQDT) Acquired by Longboard Asset Management LP

Longboard Asset Management LP purchased a new position in Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,195 shares of the business services provider’s stock, valued at approximately $200,000.

A number of other institutional investors also recently added to or reduced their stakes in LQDT. nVerses Capital LLC purchased a new position in Liquidity Services in the third quarter worth approximately $48,000. R Squared Ltd purchased a new stake in shares of Liquidity Services during the 4th quarter worth approximately $66,000. GAMMA Investing LLC lifted its position in shares of Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares during the last quarter. Linden Thomas Advisory Services LLC purchased a new stake in shares of Liquidity Services during the 4th quarter worth approximately $220,000. Finally, Wesbanco Bank Inc. purchased a new stake in shares of Liquidity Services during the 4th quarter worth approximately $226,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $31.79 on Wednesday. The firm’s fifty day simple moving average is $31.90 and its 200-day simple moving average is $25.81. The stock has a market capitalization of $980.09 million, a price-to-earnings ratio of 50.46 and a beta of 1.36. Liquidity Services, Inc. has a 12 month low of $13.99 and a 12 month high of $38.08.

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

Analyst Ratings Changes

Several analysts have recently weighed in on LQDT shares. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st. Craig Hallum boosted their price objective on shares of 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 restated an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Monday.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 50,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 103,660 shares of the company’s stock, valued at approximately $3,443,585.20. The trade was a 32.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $34.10, for a total transaction of $564,014.00. Following the completion of the transaction, the chief financial officer now directly owns 33,608 shares in the company, valued at $1,146,032.80. This represents a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 101,668 shares of company stock valued at $3,331,558. 28.40% of the stock is owned by company insiders.

About Liquidity Services

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.