Liberty Tax Inc. (NASDAQ:TAX) insider Michael Piper sold 4,745 shares of Liberty Tax stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $13.12, for a total transaction of $62,254.40. Following the completion of the sale, the insider now owns 14,300 shares of the company’s stock, valued at approximately $187,616. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $12.91, for a total transaction of $106,572.05.
Liberty Tax Inc. (NASDAQ:TAX) opened at 12.56 on Wednesday. Liberty Tax Inc. has a 12-month low of $9.95 and a 12-month high of $24.22. The firm has a 50-day moving average of $13.05 and a 200 day moving average of $13.55. The company has a market capitalization of $174.51 million, a price-to-earnings ratio of 9.42 and a beta of 0.70.
Liberty Tax (NASDAQ:TAX) last announced its quarterly earnings results on Friday, September 2nd. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.02. Liberty Tax had a net margin of 9.16% and a return on equity of 18.09%. The firm had revenue of $7.10 million for the quarter, compared to the consensus estimate of $7.25 million. During the same period in the prior year, the firm posted ($0.65) earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts expect that Liberty Tax Inc. will post $1.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 24th. Stockholders of record on Friday, October 14th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date is Wednesday, October 12th. Liberty Tax’s payout ratio is 52.89%.
Large investors have recently made changes to their positions in the company. Kennedy Capital Management Inc. purchased a new stake in shares of Liberty Tax during the first quarter worth about $1,097,000. BB&T Securities LLC increased its stake in shares of 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. State Street Corp increased its stake in shares of Liberty Tax by 13.2% in the first quarter. State Street Corp now owns 60,442 shares of the company’s stock worth $1,184,000 after buying an additional 7,053 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Liberty Tax by 3.8% in the first quarter. Geode Capital Management LLC now owns 43,086 shares of the company’s stock worth $844,000 after buying an additional 1,567 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA purchased a new stake in shares of Liberty Tax during the second quarter worth about $1,527,000. 40.52% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded shares of Liberty Tax from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 25th.
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.