Maryland State Retirement & Pension System Takes Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Maryland State Retirement & Pension System acquired a new position in Liquidity Services, Inc. (NASDAQ:LQDT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,506 shares of the business services provider’s stock, valued at approximately $242,000.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on LQDT shares. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a report on Wednesday, March 19th. Craig Hallum upped their price objective 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 cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Insider Transactions at Liquidity Services

In other Liquidity Services news, Director Edward Kolodzieski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $32.90, for a total value of $65,800.00. Following the transaction, the director now owns 15,229 shares in the company, valued at approximately $501,034.10. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $35.36, for a total transaction of $176,800.00. Following the transaction, the director now directly owns 82,990 shares of the company’s stock, valued at approximately $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. Over the last 90 days, insiders have sold 70,658 shares of company stock worth $2,444,608. Insiders own 28.40% of the company’s stock.

Liquidity Services Stock Down 0.2 %

Shares of NASDAQ:LQDT opened at $32.66 on Wednesday. The stock has a market cap of $1.01 billion, a PE ratio of 43.55 and a beta of 1.26. The company’s fifty day moving average is $33.49 and its 200 day moving average is $28.50. Liquidity Services, Inc. has a 52 week low of $16.79 and a 52 week high of $39.72.

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 return on equity of 20.94% and a net margin of 6.37%.

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.