SCHEDULE 13G: Investment Group Discloses Passive Stake Below 5% in Liquidity Services Inc.

A group of investment entities and individuals, including Forum Capital Partners and Staley Capital Advisers Inc., have filed a Schedule 13G disclosing their beneficial ownership in Liquidity Services Inc., with individual and collective stakes now below the 5% threshold.

Summary

• Forum Capital Partners, Staley Capital Advisers Inc., and several individuals (John A. Staley, IV, William F. Stotz, James D. Roberge, Brian M. McInerney, and Andrew J. Roberge) have jointly filed a Schedule 13G regarding their beneficial ownership of Common Stock in Liquidity Services Inc.
• The filing indicates that the aggregate beneficial ownership for most reporting persons is 949,012 shares, representing 3.1% of the class.
• James D. Roberge holds the largest individual stake among the filers, with 1,069,512 shares, representing 3.4% of the class.
• William F. Stotz holds 975,212 shares (3.1%) and Andrew J. Roberge holds 957,722 shares (3.1%).
• The ownership percentages for all reporting persons are below the 5% threshold, as explicitly stated in Item 5 of the filing, 'Ownership of 5 Percent or Less of a Class'.
• The ownership information is reported as of March 31, 2025, and is based on 31,039,308 shares of Common Stock issued and outstanding as of February 3, 2025.
• Staley Capital Advisers Inc. acts as the General Partner to Forum Capital Partners, LP, and disclaims beneficial ownership except for specific individual holdings by Mr. Stotz (26,200 shares), Mr. James Roberge (120,500 shares), and Mr. Andrew Roberge (8,710 shares).
• The reporting persons certify that the securities were not acquired and are not held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership. It does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or outlook, as the reported stakes are passive and below the 5% threshold.

Positives

• The filing indicates a passive investment stance, with the reporting persons explicitly stating they do not intend to influence or change control of Liquidity Services Inc.

Negatives

• The disclosure of ownership below the 5% threshold, particularly if it represents a reduction from a previously higher stake, could be interpreted by some as a signal of reduced conviction, though the document provides no context for such an interpretation.

Industry Context

This Schedule 13G filing is a routine regulatory disclosure of beneficial ownership by passive investors. It does not provide insights into broader industry trends or competitive dynamics for Liquidity Services Inc., as its sole purpose is to report a non-controlling stake.

Stakeholder Impact

• Shareholders: Provides transparency regarding the ownership structure and confirms a passive, non-controlling stake by the reporting group, which may reduce concerns about potential activist intervention.

Key Dates

Keywords

Liquidity Services Inc., Schedule 13G, Beneficial Ownership, Investment Filing, SEC Filing, Common Stock, Passive Investment, Forum Capital Partners, Staley Capital Advisers