B. Riley Financial Inc. purchased a new stake in Liberty Tax Inc (NASDAQ:TAX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 139,586 shares of the business services provider’s stock, valued at approximately $1,127,000. B. Riley Financial Inc. owned approximately 1.09% of Liberty Tax at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Cannell Capital LLC boosted its stake in shares of Liberty Tax by 21.9% in the first quarter. Cannell Capital LLC now owns 958,890 shares of the business services provider’s stock valued at $9,685,000 after buying an additional 172,030 shares in the last quarter. Nantahala Capital Management LLC boosted its position in Liberty Tax by 19.0% during the second quarter. Nantahala Capital Management LLC now owns 808,239 shares of the business services provider’s stock worth $6,527,000 after purchasing an additional 129,202 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Liberty Tax by 18.0% during the second quarter. Dimensional Fund Advisors LP now owns 318,089 shares of the business services provider’s stock worth $2,569,000 after purchasing an additional 48,492 shares in the last quarter. LSV Asset Management boosted its position in Liberty Tax by 7.4% during the first quarter. LSV Asset Management now owns 207,798 shares of the business services provider’s stock worth $2,098,000 after purchasing an additional 14,400 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Liberty Tax during the second quarter worth $729,000. Hedge funds and other institutional investors own 49.01% of the company’s stock.

TAX opened at $9.20 on Monday. The firm has a market cap of $117.97 million, a price-to-earnings ratio of 8.00 and a beta of 0.87. Liberty Tax Inc has a one year low of $7.75 and a one year high of $14.70.

Separately, ValuEngine downgraded Liberty Tax from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd.

In other news, major shareholder Brc Partners Opportunity Fund, bought 18,916 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were bought at an average cost of $9.28 per share, for a total transaction of $175,540.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Vintage Capital Management Llc bought 280,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were purchased at an average price of $9.05 per share, for a total transaction of $2,534,000.00. The disclosure for this purchase can be found here. 15.30% of the stock is currently owned by insiders.

Liberty Tax Profile

Liberty Tax, Inc, together with its subsidiaries, provides tax preparation services and solutions in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States.

See Also: Analyst Ratings

Institutional Ownership by Quarter for Liberty Tax (NASDAQ:TAX)

Receive News & Ratings for Liberty Tax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Tax and related companies with MarketBeat.com's FREE daily email newsletter.