26,500 Shares in Liquidity Services, Inc. (NASDAQ:LQDT) Acquired by Nkcfo LLC

Nkcfo LLC bought a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,500 shares of the business services provider’s stock, valued at approximately $856,000. Nkcfo LLC owned about 0.09% of Liquidity Services at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LQDT. Royce & Associates LP purchased a new stake in Liquidity Services during the third quarter valued at $488,000. Barclays PLC grew its stake in shares of Liquidity Services by 307.3% during the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after purchasing an additional 29,746 shares during the period. JPMorgan Chase & Co. increased its position in shares of Liquidity Services by 102.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock valued at $1,366,000 after purchasing an additional 30,360 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Liquidity Services in the 3rd quarter worth approximately $1,311,000. Finally, Intech Investment Management LLC purchased a new position in shares of Liquidity Services in the third quarter worth approximately $518,000. 71.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LQDT has been the subject of a number of research reports. Barrington Research reaffirmed an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Tuesday, February 11th. Craig Hallum raised their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th.

Insider Activity

In related news, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total transaction of $564,014.00. Following the sale, the chief financial officer now owns 33,608 shares of the company’s stock, valued at approximately $1,146,032.80. This trade represents a 32.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaime Mateus-Tique sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $33.22, for a total value of $1,661,000.00. Following the completion of the transaction, the director now directly owns 103,660 shares in the company, valued at approximately $3,443,585.20. This represents a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,388 shares of company stock worth $5,263,991 over the last ninety days. Corporate insiders own 28.40% of the company’s stock.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT opened at $36.48 on Friday. The company has a market capitalization of $1.12 billion, a P/E ratio of 48.64 and a beta of 1.36. Liquidity Services, Inc. has a 1-year low of $16.58 and a 1-year high of $39.72. The firm’s 50 day simple moving average is $33.29 and its two-hundred day simple moving average is $26.48.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 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.