Staley Capital Advisers Inc. Bought 58,845 Shares of Liquidity Services, Inc. (LQDT)

Staley Capital Advisers Inc. Bought 58,845 Shares of Liquidity Services, Inc. (LQDT)

Staley Capital Advisers Inc. boosted its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,573,845 shares of the business services provider’s stock after buying an additional 58,845 shares during the quarter. Staley Capital Advisers Inc. owned 7.75% of Liquidity Services worth $15,881,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Liquidity Services in the 4th quarter worth approximately $68,000. LS Investment Advisors LLC boosted its stake in Liquidity Services by 1,442.5% in the 4th quarter. LS Investment Advisors LLC now owns 13,142 shares of the business services provider’s stock worth $81,000 after purchasing an additional 12,290 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Liquidity Services in the 4th quarter worth approximately $169,000. Arizona State Retirement System boosted its stake in Liquidity Services by 9.3% in the 4th quarter. Arizona State Retirement System now owns 40,752 shares of the business services provider’s stock worth $251,000 after purchasing an additional 3,473 shares during the period. Finally, Legal & General Group Plc boosted its stake in Liquidity Services by 7.4% in the 3rd quarter. Legal & General Group Plc now owns 55,942 shares of the business services provider’s stock worth $355,000 after purchasing an additional 3,865 shares during the period. Hedge funds and other institutional investors own 65.42% of the company’s stock.

A number of research firms recently commented on LQDT. Barrington Research reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Liquidity Services in a research note on Monday. ValuEngine lowered shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research lowered shares of Liquidity Services from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. BidaskClub lowered shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, TheStreet raised shares of Liquidity Services from a “d” rating to a “c-” rating in a research note on Wednesday, December 12th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $9.13.

Shares of NASDAQ:LQDT opened at $7.16 on Tuesday. The firm has a market cap of $235.01 million, a price-to-earnings ratio of -14.32 and a beta of 1.24. Liquidity Services, Inc. has a 12-month low of $5.17 and a 12-month high of $9.16.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, February 7th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The company had revenue of $54.05 million during the quarter, compared to analyst estimates of $51.34 million. Liquidity Services had a negative net margin of 7.70% and a negative return on equity of 11.08%. Equities research analysts expect that Liquidity Services, Inc. will post -0.34 earnings per share for the current fiscal year.

In other news, insider James M. Rallo sold 9,816 shares of the firm’s stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $7.65, for a total transaction of $75,092.40. Following the transaction, the insider now owns 9,816 shares in the company, valued at approximately $75,092.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James M. Rallo sold 4,785 shares of the firm’s stock in a transaction on Friday, December 7th. The shares were sold at an average price of $6.99, for a total transaction of $33,447.15. Following the transaction, the insider now owns 4,785 shares in the company, valued at approximately $33,447.15. The disclosure for this sale can be found here. Insiders have sold a total of 18,691 shares of company stock valued at $133,570 in the last three months. Company insiders own 18.70% of the company’s stock.

Liquidity Services Profile

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

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