Trading Report: The 1,587 Shares of Stock are sold by Liberty Tax Inc. (TAX) Director Gordon Dangelo

The 1,587 Shares of Stock are sold by Liberty Tax Inc. (TAX) Director Gordon Dangelo

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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