Liberty Tax Inc. (NASDAQ:TAX) Director Gordon Dangelo sold 1,587 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $12.72, for a total value of $20,186.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Liberty Tax Inc. (NASDAQ:TAX) opened at 12.67 on Thursday. Liberty Tax Inc. has a 12 month low of $9.95 and a 12 month high of $24.22. The stock’s 50 day moving average price is $13.00 and its 200-day moving average price is $13.55. The company has a market cap of $176.04 million, a P/E ratio of 9.50 and a beta of 0.70.
Liberty Tax (NASDAQ:TAX) last posted its quarterly earnings data on Friday, September 2nd. The company reported ($0.66) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.02. The company earned $7.10 million during the quarter, compared to analysts’ expectations of $7.25 million. Liberty Tax had a return on equity of 18.09% and a net margin of 9.16%. Liberty Tax’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.65) earnings per share. Equities research analysts expect that Liberty Tax Inc. will post $1.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 24th. Investors of record on Friday, October 14th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Wednesday, October 12th. Liberty Tax’s dividend payout ratio (DPR) is presently 52.89%.
Separately, Zacks Investment Research upgraded Liberty Tax from a “sell” rating to a “hold” rating in a research report on Tuesday, September 27th.
Hedge funds have recently bought and sold shares of the stock. Continental Advisors LLC boosted its stake in Liberty Tax by 303.9% in the second quarter. Continental Advisors LLC now owns 208,730 shares of the company’s stock worth $2,780,000 after buying an additional 157,050 shares during the period. Rutabaga Capital Management LLC MA purchased a new stake in Liberty Tax during the second quarter worth approximately $1,527,000. TFS Capital LLC purchased a new stake in Liberty Tax during the second quarter worth approximately $926,000. Kennedy Capital Management Inc. purchased a new stake in Liberty Tax during the first quarter worth approximately $1,097,000. Finally, BB&T Securities LLC boosted its stake in Liberty Tax by 50.1% in the first quarter. BB&T Securities LLC now owns 124,474 shares of the company’s stock worth $2,438,000 after buying an additional 41,524 shares during the period. Institutional investors own 40.52% of the company’s stock.
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