Liberty Tax Inc. (NASDAQ:TAX) insider Michael Piper sold 8,255 shares of the stock in a transaction dated Friday, September 30th. The shares were sold at an average price of $12.91, for a total transaction of $106,572.05. Following the transaction, the insider now owns 23,683 shares of the company’s stock, valued at approximately $305,747.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Liberty Tax Inc. (NASDAQ:TAX) opened at 12.78 on Friday. The company has a market cap of $177.57 million, a price-to-earnings ratio of 9.59 and a beta of 0.68. Liberty Tax Inc. has a 52-week low of $9.95 and a 52-week high of $24.22. The company’s 50-day moving average is $13.22 and its 200 day moving average is $13.86.
Liberty Tax (NASDAQ:TAX) last released 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. Liberty Tax had a return on equity of 18.09% and a net margin of 9.16%. The business had revenue of $7.10 million for the quarter, compared to analyst estimates of $7.25 million. During the same quarter last year, the firm posted ($0.65) earnings per share. The business’s revenue was down 5.3% compared to the same quarter last year. Equities analysts forecast that Liberty Tax Inc. will post $1.39 earnings per share for the current fiscal year.
The firm 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. The ex-dividend date is Wednesday, October 12th. This represents a $0.64 dividend on an annualized basis and a yield of 5.01%. Liberty Tax’s payout ratio is 52.89%.
A number of hedge funds have recently added to or reduced their stakes in TAX. Continental Advisors LLC raised its stake 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 last quarter. Rutabaga Capital Management LLC MA acquired a new stake in Liberty Tax during the second quarter worth $1,527,000. TFS Capital LLC acquired a new stake in Liberty Tax during the second quarter worth $926,000. Kennedy Capital Management Inc. acquired a new stake in Liberty Tax during the first quarter worth $1,097,000. Finally, BB&T Securities LLC raised its stake 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 last quarter. Institutional investors and hedge funds own 40.52% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Liberty Tax from a “hold” rating to a “sell” rating in a research report on Saturday, June 11th.
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.
Receive News & Ratings for Liberty Tax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Tax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.