Northern Trust Corp Has $8.51 Million Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Northern Trust Corp raised its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 22.7% in the fourth quarter, Holdings Channel reports. The fund owned 263,554 shares of the business services provider’s stock after acquiring an additional 48,818 shares during the period. Northern Trust Corp’s holdings in Liquidity Services were worth $8,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock valued at $14,768,000 after acquiring an additional 167,767 shares during the period. Sei Investments Co. lifted its holdings in shares of Liquidity Services by 8.2% during the fourth quarter. Sei Investments Co. now owns 243,453 shares of the business services provider’s stock valued at $7,861,000 after acquiring an additional 18,450 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Liquidity Services by 1.5% during 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 acquiring an additional 3,077 shares during the period. Hillsdale Investment Management Inc. lifted its holdings in shares of Liquidity Services by 0.7% during the fourth quarter. Hillsdale Investment Management Inc. now owns 192,908 shares of the business services provider’s stock valued at $6,229,000 after acquiring an additional 1,400 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Liquidity Services by 140.4% during the fourth quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider’s stock valued at $4,652,000 after acquiring an additional 84,154 shares during the period. 71.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Liquidity Services

In other news, Director Beatriz V. Infante sold 5,000 shares of Liquidity Services stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $35.36, for a total transaction of $176,800.00. Following the completion of the sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Novelette Murray sold 7,938 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now owns 36,181 shares in the company, valued at $1,228,706.76. The trade was a 17.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,038 shares of company stock valued at $3,669,775 in the last quarter. 28.40% of the stock is currently owned by insiders.

Liquidity Services Stock Performance

Shares of LQDT opened at $24.51 on Monday. Liquidity Services, Inc. has a 52-week low of $18.78 and a 52-week high of $39.72. The stock has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $30.59. The firm has a market capitalization of $765.23 million, a PE ratio of 32.68 and a beta of 1.31.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $116.38 million during the quarter, compared to the consensus estimate of $125.20 million. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Wall Street Analysts Forecast Growth

LQDT has been the topic of several research reports. Barrington Research reiterated an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a research report on Wednesday, March 19th. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research 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.