Staley Capital Advisers Inc. Reduces Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Staley Capital Advisers Inc. cut its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 25.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,301,900 shares of the business services provider’s stock after selling 453,047 shares during the quarter. Liquidity Services comprises about 1.9% of Staley Capital Advisers Inc.’s holdings, making the stock its 19th largest position. Staley Capital Advisers Inc. owned 4.22% of Liquidity Services worth $42,038,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after purchasing an additional 76,794 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Liquidity Services by 107.7% in 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 period. JPMorgan Chase & Co. raised its position in shares of Liquidity Services by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after buying an additional 30,360 shares in the last quarter. Barclays PLC boosted its stake in Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock valued at $899,000 after buying an additional 29,746 shares during the period. Finally, Nkcfo LLC bought a new stake in Liquidity Services during the fourth quarter valued at $856,000. 71.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Novelette Murray sold 7,938 shares of Liquidity Services stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the sale, the insider now directly owns 36,181 shares in the company, valued at approximately $1,228,706.76. This trade represents a 17.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beatriz V. Infante sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $35.36, for a total value of $176,800.00. Following the transaction, the director now directly owns 82,990 shares in the company, valued at $2,934,526.40. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 170,326 shares of company stock valued at $5,710,365 over the last ninety days. 28.40% of the stock is owned by insiders.

Liquidity Services Stock Performance

LQDT stock opened at $29.50 on Tuesday. The firm has a market cap of $915.65 million, a P/E ratio of 39.33 and a beta of 1.26. The firm’s fifty day moving average is $34.04 and its 200 day moving average is $27.81. Liquidity Services, Inc. has a 52 week low of $16.79 and a 52 week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate 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 recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a report on Tuesday, February 11th. Craig Hallum upped 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, StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a 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.