Ellen M. Mcdowell Sells 5,000 Shares of Liberty Tax, Inc. (TAX) Stock
Liberty Tax, Inc. (NASDAQ:TAX) Director Ellen M. Mcdowell sold 5,000 shares of Liberty Tax stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $13.58, for a total value of $67,900.00. Following the completion of the sale, the director now directly owns 42,579 shares in the company, valued at approximately $578,222.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Liberty Tax, Inc. (NASDAQ:TAX) traded up 1.48% on Tuesday, hitting $13.75. The company’s stock had a trading volume of 46,845 shares. Liberty Tax, Inc. has a 12 month low of $10.88 and a 12 month high of $16.19. The firm has a 50 day moving average of $13.55 and a 200-day moving average of $14.04. The stock has a market cap of $190.88 million, a PE ratio of 14.71 and a beta of 0.83.
Liberty Tax (NASDAQ:TAX) last posted its earnings results on Wednesday, June 14th. The business services provider reported $2.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.42 by $0.19. Liberty Tax had a net margin of 7.48% and a return on equity of 16.84%. The company had revenue of $111.20 million during the quarter, compared to the consensus estimate of $113.50 million. During the same quarter in the prior year, the business earned $2.32 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect that Liberty Tax, Inc. will post $1.25 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 14th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Wednesday, July 12th. Liberty Tax’s payout ratio is 77.11%.
A number of brokerages recently issued reports on TAX. Zacks Investment Research raised Liberty Tax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. ValuEngine lowered Liberty Tax from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd.
Several hedge funds have recently modified their holdings of TAX. FMR LLC acquired a new stake in shares of Liberty Tax during the fourth quarter worth approximately $143,000. Palladium Partners LLC increased its stake in shares of Liberty Tax by 3.0% in the first quarter. Palladium Partners LLC now owns 11,542 shares of the business services provider’s stock worth $165,000 after buying an additional 334 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Liberty Tax during the first quarter worth approximately $226,000. TIAA CREF Investment Management LLC increased its stake in shares of Liberty Tax by 4.4% in the first quarter. TIAA CREF Investment Management LLC now owns 18,876 shares of the business services provider’s stock worth $269,000 after buying an additional 795 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Liberty Tax by 28.3% in the first quarter. Goldman Sachs Group Inc. now owns 19,055 shares of the business services provider’s stock worth $272,000 after buying an additional 4,200 shares during the last quarter. 45.31% of the stock is owned by institutional investors.
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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