SCHEDULE 13G/A: Staley Capital Advisers and Affiliates Disclose Significant Stake in Liquidity Services Inc.

Staley Capital Advisers Inc. and its key personnel have filed an Amendment No. 7 to Schedule 13G, disclosing their beneficial ownership of common stock in Liquidity Services Inc., with individual holdings ranging from 4.2% to 4.6% as of December 31, 2024.

Summary

• Staley Capital Advisers Inc., a Pennsylvania-based registered investment adviser, along with five of its key personnel (John A. Staley IV, William F. Stotz, James D. Roberge, Brian M. McInerney, and Andrew J. Roberge), have jointly filed an Amendment No. 7 to Schedule 13G.
• The filing discloses their beneficial ownership of common stock in Liquidity Services Inc. (CUSIP: 53635B107).
• As of December 31, 2024, Staley Capital Advisers Inc., John A. Staley IV, and Brian M. McInerney each beneficially own 1,300,000 shares, representing 4.2% of the class.
• William F. Stotz beneficially owns 1,327,800 shares, representing 4.3% of the class.
• Andrew J. Roberge beneficially owns 1,320,270 shares, representing 4.3% of the class.
• James D. Roberge holds the largest individual stake among the reporting persons, with 1,421,000 shares, representing 4.6% of the class.
• The reported percentages are based on 30,741,216 shares of Liquidity Services Inc. common stock issued and outstanding as of December 9, 2024, as reported in the Issuer's Form 10-Q filed on December 12, 2024.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative financial performance indicators or forward-looking statements that would influence sentiment.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

This filing is a standard disclosure of beneficial ownership by an investment adviser and its principals, indicating their significant, but non-controlling, stake in Liquidity Services Inc. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional and individual ownership stakes, which can influence market perception and trading activity. The disclosure of a substantial stake by an investment adviser may be viewed positively by some investors as a vote of confidence.

Key Dates

Keywords

Liquidity Services Inc., Staley Capital Advisers, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Institutional Ownership, SEC Filing