Liberty Tax, Inc. (TAX) Stake Lessened by Rutabaga Capital Management LLC MA

Rutabaga Capital Management LLC MA trimmed its position in Liberty Tax, Inc. (NASDAQ:TAX) by 15.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,385 shares of the business services provider’s stock after selling 124,928 shares during the quarter. Rutabaga Capital Management LLC MA owned approximately 4.81% of Liberty Tax worth $8,643,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TAX. Bank of New York Mellon Corp lifted its holdings in shares of Liberty Tax by 5.0% in the first quarter. Bank of New York Mellon Corp now owns 159,346 shares of the business services provider’s stock worth $2,271,000 after buying an additional 7,629 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liberty Tax in the first quarter worth about $226,000. TIAA CREF Investment Management LLC lifted its holdings 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Tax by 26.9% in the first quarter. Dimensional Fund Advisors LP now owns 133,677 shares of the business services provider’s stock worth $1,905,000 after buying an additional 28,371 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings 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 in the last quarter. 45.95% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Tax, Inc. (NASDAQ:TAX) traded up 0.71% on Friday, hitting $14.10. 4,582 shares of the company traded hands. The firm’s 50 day moving average price is $14.04 and its 200 day moving average price is $13.91. Liberty Tax, Inc. has a 1-year low of $10.88 and a 1-year high of $16.20. The firm has a market capitalization of $195.74 million, a PE ratio of 15.43 and a beta of 0.84.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 23rd. Investors of record on Friday, October 13th will be issued a $0.16 dividend. The ex-dividend date is Thursday, October 12th. This represents a $0.64 dividend on an annualized basis and a yield of 4.57%. Liberty Tax’s dividend payout ratio is presently 80.00%.

A number of brokerages have recently issued reports on TAX. Zacks Investment Research raised shares of Liberty Tax from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 16th. ValuEngine cut shares of Liberty Tax from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

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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.

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

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