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

Sei Investments Co. increased its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,453 shares of the business services provider’s stock after purchasing an additional 18,450 shares during the quarter. Sei Investments Co.’s holdings in Liquidity Services were worth $7,861,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp grew its position in Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after buying an additional 13,947 shares during the period. Geode Capital Management LLC boosted its stake in shares of Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after acquiring an additional 2,392 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liquidity Services by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider’s stock worth $6,631,000 after acquiring an additional 3,077 shares during the period. Royce & Associates LP increased its stake in Liquidity Services by 561.2% in the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock valued at $4,574,000 after purchasing an additional 120,226 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Liquidity Services by 107.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock worth $3,856,000 after purchasing an additional 61,918 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Insider Activity

In other news, Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction 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 completion of the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark A. Shaffer sold 6,005 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total value of $213,717.95. Following the transaction, the vice president now owns 36,083 shares in the company, valued at $1,284,193.97. This trade represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,658 shares of company stock valued at $3,562,158 over the last 90 days. Insiders own 28.40% of the company’s stock.

Liquidity Services Stock Performance

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

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

Analyst Ratings Changes

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

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.