Insider Selling: Liberty Tax Inc. (TAX) Director Sells $20,186.64 in Stock
Liberty Tax Inc. (NASDAQ:TAX) Director Gordon Dangelo sold 1,587 shares of Liberty Tax stock in a transaction that occurred on Monday, October 10th. The shares were sold at an average price of $12.72, for a total transaction of $20,186.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Liberty Tax Inc. (NASDAQ:TAX) opened at 12.68 on Monday. The company has a market cap of $176.18 million, a PE ratio of 9.51 and a beta of 0.70. The stock’s 50 day moving average is $12.92 and its 200 day moving average is $13.50. Liberty Tax Inc. has a 52-week low of $9.95 and a 52-week high of $24.22.
Liberty Tax (NASDAQ:TAX) last posted its quarterly earnings data on Friday, September 2nd. The company reported ($0.66) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.02. Liberty Tax had a net margin of 9.16% and a return on equity of 18.09%. The firm had revenue of $7.10 million for the quarter, compared to the consensus estimate of $7.25 million. During the same quarter in the prior year, the company posted ($0.65) earnings per share. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. Equities analysts forecast that Liberty Tax Inc. will post $1.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Friday, October 14th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, October 12th. This represents a $0.64 annualized dividend and a dividend yield of 5.05%. Liberty Tax’s dividend payout ratio (DPR) is currently 52.89%.
Several institutional investors have recently bought and sold shares of the stock. Continental Advisors LLC increased its position in Liberty Tax by 303.9% in the second quarter. Continental Advisors LLC now owns 208,730 shares of the company’s stock valued at $2,780,000 after buying an additional 157,050 shares during the period. Citadel Advisors LLC bought a new position in Liberty Tax during the second quarter valued at about $158,000. Summit Securities Group LLC bought a new position in Liberty Tax during the second quarter valued at about $529,000. State Street Corp increased its position in Liberty Tax by 1.2% in the second quarter. State Street Corp now owns 61,172 shares of the company’s stock valued at $816,000 after buying an additional 730 shares during the period. Finally, TFS Capital LLC bought a new position in Liberty Tax during the second quarter valued at about $926,000. Hedge funds and other institutional investors own 40.52% of the company’s stock.
Separately, Zacks Investment Research raised shares of Liberty Tax from a “strong sell” rating to a “hold” rating in a report on Thursday, August 25th.
Liberty Tax Company Profile
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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