Liberty Tax Inc. (TAX) Director Gordon Dangelo Sells 1,587 Shares
Liberty Tax Inc. (NASDAQ:TAX) Director Gordon Dangelo sold 1,587 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $12.72, for a total value of $20,186.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Liberty Tax Inc. (NASDAQ:TAX) traded up 2.18% during midday trading on Wednesday, hitting $12.67. The stock had a trading volume of 55,531 shares. The firm has a 50 day moving average of $13.00 and a 200-day moving average of $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 Inc. has a one year low of $9.95 and a one year high of $24.22.
Liberty Tax (NASDAQ:TAX) last announced its earnings results on Friday, September 2nd. The company reported ($0.66) earnings per share for the quarter, topping the Zacks’ 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 company earned $7.10 million during the quarter, compared to the consensus estimate of $7.25 million. During the same period in the previous year, the firm posted ($0.65) earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. On average, analysts forecast that Liberty Tax Inc. will post $1.39 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 24th. Shareholders of record on Friday, October 14th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Wednesday, October 12th. Liberty Tax’s dividend payout ratio is presently 52.89%.
Institutional investors have recently made changes to their positions in the company. Continental Advisors LLC increased its position in shares of 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 in the last quarter. Citadel Advisors LLC bought a new position in shares of Liberty Tax during the second quarter worth $158,000. Summit Securities Group LLC bought a new position in shares of Liberty Tax during the second quarter worth $529,000. State Street Corp increased its position in shares of Liberty Tax by 1.2% in the second quarter. State Street Corp now owns 61,172 shares of the company’s stock worth $816,000 after buying an additional 730 shares in the last quarter. Finally, TFS Capital LLC bought a new position in shares of Liberty Tax during the second quarter worth $926,000. 40.52% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded Liberty Tax from a “strong sell” rating to a “hold” rating in a research 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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