Liberty Tax Inc. (TAX) Insider Michael Piper Sells 4,745 Shares of Stock
Liberty Tax Inc. (NASDAQ:TAX) insider Michael Piper sold 4,745 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $13.12, for a total transaction of $62,254.40. Following the transaction, the insider now owns 14,300 shares of the company’s stock, valued at $187,616. The transaction was disclosed in a filing with the SEC, which is available through this link.
Michael Piper also recently made the following trade(s):
- On Friday, September 30th, Michael Piper sold 8,255 shares of Liberty Tax stock. The shares were sold at an average price of $12.91, for a total transaction of $106,572.05.
Liberty Tax Inc. (NASDAQ:TAX) opened at 12.55 on Monday. The firm has a market capitalization of $174.37 million, a PE ratio of 9.41 and a beta of 0.70. The firm has a 50-day moving average of $13.12 and a 200 day moving average of $13.68. Liberty Tax Inc. has a 12 month low of $9.95 and a 12 month high of $24.22.
Liberty Tax (NASDAQ:TAX) last issued its earnings results on Friday, September 2nd. The company reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.02. The firm earned $7.10 million during the quarter, compared to analyst estimates of $7.25 million. Liberty Tax had a net margin of 9.16% and a return on equity of 18.09%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.65) earnings per share. Equities research analysts forecast 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. Stockholders of record on Friday, October 14th will be given a $0.16 dividend. The ex-dividend date is Wednesday, October 12th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.10%. Liberty Tax’s dividend payout ratio (DPR) is currently 52.89%.
Several institutional investors have recently added to or reduced their stakes in the stock. Continental Advisors LLC raised 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 worth $2,780,000 after buying an additional 157,050 shares during the period. Rutabaga Capital Management LLC MA purchased a new position in Liberty Tax during the second quarter worth approximately $1,527,000. TFS Capital LLC purchased a new position in Liberty Tax during the second quarter worth approximately $926,000. Kennedy Capital Management Inc. purchased a new position in Liberty Tax during the first quarter worth approximately $1,097,000. Finally, BB&T Securities LLC raised its position 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.
Separately, Zacks Investment Research cut shares of Liberty Tax from a “hold” rating to a “sell” rating in a research report on Thursday, September 8th.
About Liberty Tax
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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