Jane Street Group LLC Raises Stock Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Jane Street Group LLC lifted its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 33.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,173 shares of the business services provider’s stock after acquiring an additional 13,804 shares during the quarter. Jane Street Group LLC’s holdings in Liquidity Services were worth $1,258,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LQDT. nVerses Capital LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at approximately $48,000. GAMMA Investing LLC boosted its position in 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 acquiring an additional 1,005 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Liquidity Services in the second quarter worth $87,000. Centiva Capital LP bought a new stake in shares of Liquidity Services during the 3rd quarter worth about $260,000. Finally, SG Americas Securities LLC acquired a new stake in Liquidity Services in the third quarter worth approximately $298,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LQDT has been the topic of a number of research reports. Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st. Finally, Barrington Research reiterated an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a report on Tuesday, December 10th.

Insider Transactions at Liquidity Services

In other news, Director Edward Kolodzieski sold 2,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $31.90, for a total value of $63,800.00. Following the transaction, the director now directly owns 17,229 shares in the company, valued at $549,605.10. This trade represents a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Daunt sold 4,546 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28. Following the transaction, the executive vice president now owns 43,309 shares of the company’s stock, valued at approximately $1,372,029.12. This represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 99,668 shares of company stock valued at $3,265,758. Company insiders own 29.77% of the company’s stock.

Liquidity Services Stock Down 1.5 %

LQDT stock opened at $32.07 on Friday. The company has a market cap of $985.86 million, a PE ratio of 50.91 and a beta of 1.42. The business’s 50-day simple moving average is $26.07 and its 200 day simple moving average is $23.01. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $36.00.

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.