Macquarie Group Ltd. Purchases New Stake in Liberty Tax, Inc. (TAX)

Macquarie Group Ltd. purchased a new stake in shares of Liberty Tax, Inc. (NASDAQ:TAX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 33,826 shares of the business services provider’s stock, valued at approximately $487,000. Macquarie Group Ltd. owned 0.27% of Liberty Tax as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Citigroup Inc. grew its holdings in shares of Liberty Tax by 6.6% in the 2nd quarter. Citigroup Inc. now owns 8,654 shares of the business services provider’s stock worth $112,000 after acquiring an additional 535 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Liberty Tax in the 2nd quarter worth $171,000. TIAA CREF Investment Management LLC grew its holdings in shares of Liberty Tax by 4.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 18,876 shares of the business services provider’s stock worth $269,000 after acquiring an additional 795 shares during the last quarter. Nationwide Fund Advisors grew its holdings in shares of Liberty Tax by 259.4% in the 3rd quarter. Nationwide Fund Advisors now owns 18,704 shares of the business services provider’s stock worth $269,000 after acquiring an additional 13,500 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Liberty Tax by 28.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 19,055 shares of the business services provider’s stock worth $272,000 after acquiring an additional 4,200 shares during the last quarter. Institutional investors own 47.79% of the company’s stock.

Liberty Tax, Inc. (NASDAQ TAX) opened at $10.90 on Friday. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $137.61, a price-to-earnings ratio of 11.39, a P/E/G ratio of 0.92 and a beta of 0.96. Liberty Tax, Inc. has a 1-year low of $10.70 and a 1-year high of $16.19.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Friday, January 12th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date is Thursday, January 11th. Liberty Tax’s payout ratio is 168.42%.

TAX has been the topic of a number of recent research reports. ValuEngine cut Liberty Tax from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Liberty Tax from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th.

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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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