Centiva Capital LP Invests $260,000 in Liquidity Services, Inc. (NASDAQ:LQDT)

Centiva Capital LP bought a new position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,396 shares of the business services provider’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. raised its stake 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 worth $20,092,000 after purchasing an additional 76,794 shares in the last quarter. Acadian Asset Management LLC raised its position in 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 worth $10,060,000 after acquiring an additional 68,407 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in Liquidity Services by 1.3% in 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. Assenagon Asset Management S.A. lifted its stake in Liquidity Services by 4.9% in 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Liquidity Services by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider’s stock valued at $4,612,000 after acquiring an additional 6,341 shares during the period. Institutional investors own 71.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a report on Tuesday.

Liquidity Services Trading Up 2.4 %

LQDT stock opened at $25.75 on Thursday. Liquidity Services, Inc. has a 1-year low of $13.99 and a 1-year high of $26.24. The business’s 50 day simple moving average is $23.68 and its 200 day simple moving average is $21.94. The firm has a market capitalization of $786.20 million, a PE ratio of 40.87 and a beta of 1.42.

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.