Jupiter Asset Management Ltd. Purchases Shares of 10,841 Liquidity Services, Inc. (NASDAQ:LQDT)

Jupiter Asset Management Ltd. purchased a new stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,841 shares of the business services provider’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in the business. Sei Investments Co. boosted its holdings in shares of Liquidity Services by 8.4% during the first quarter. Sei Investments Co. now owns 182,150 shares of the business services provider’s stock worth $3,388,000 after purchasing an additional 14,083 shares during the period. Rice Hall James & Associates LLC boosted its holdings in shares of Liquidity Services by 72.2% during the first quarter. Rice Hall James & Associates LLC now owns 339,838 shares of the business services provider’s stock worth $6,321,000 after purchasing an additional 142,443 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Liquidity Services by 1.0% during the fourth quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after purchasing an additional 4,100 shares during the period. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Liquidity Services by 16.9% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 48,967 shares of the business services provider’s stock worth $843,000 after purchasing an additional 7,069 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Liquidity Services during the fourth quarter worth about $126,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a report on Tuesday, May 28th. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, May 13th.

Liquidity Services Price Performance

LQDT stock traded up $0.09 during trading on Friday, reaching $20.55. The company had a trading volume of 97,306 shares, compared to its average volume of 133,166. Liquidity Services, Inc. has a 52 week low of $13.99 and a 52 week high of $21.23. The company has a market cap of $626.41 million, a P/E ratio of 31.62 and a beta of 1.35. The business has a 50 day moving average of $19.63 and a 200 day moving average of $18.28.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. The company had revenue of $91.45 million during the quarter. During the same period in the previous year, the company earned $0.20 earnings per share.

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.