Barclays PLC Has $899,000 Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Barclays PLC grew its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 307.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 39,427 shares of the business services provider’s stock after buying an additional 29,746 shares during the period. Barclays PLC’s holdings in Liquidity Services were worth $899,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LQDT. Pacer Advisors Inc. boosted its position in shares of Liquidity Services by 9.5% during the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after purchasing an additional 76,794 shares in the last quarter. State Street Corp increased its position in shares of Liquidity Services by 1.7% during the third 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 during the last quarter. Acadian Asset Management LLC increased its position in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after acquiring an additional 68,407 shares during the last quarter. Rice Hall James & Associates LLC increased its position in shares of Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after acquiring an additional 4,838 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock valued at $5,420,000 after acquiring an additional 11,022 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Stock Performance

LQDT stock opened at $32.47 on Tuesday. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $36.00. The business’s 50 day moving average price is $26.07 and its two-hundred day moving average price is $23.04. The company has a market capitalization of $998.16 million, a price-to-earnings ratio of 51.54 and a beta of 1.42.

Insider Transactions at Liquidity Services

In other Liquidity Services news, EVP John Daunt sold 4,546 shares of the stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total value of $144,017.28. Following the completion of the sale, the executive vice president now owns 43,309 shares in the company, valued at approximately $1,372,029.12. This represents a 9.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Edward Kolodzieski sold 26,000 shares of the stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00. Following the transaction, the director now directly owns 19,229 shares of the company’s stock, valued at $601,675.41. This trade represents a 57.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 99,668 shares of company stock valued at $3,265,758 in the last ninety days. 29.77% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently commented on LQDT. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a report on Tuesday, December 10th. Craig Hallum lifted their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st.

Liquidity Services 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.