Entropy Technologies LP Sells 5,088 Shares of H&R Block, Inc. (NYSE:HRB)

Entropy Technologies LP lessened its position in shares of H&R Block, Inc. (NYSE:HRB) by 27.1% during the third quarter, Holdings Channel reports. The institutional investor owned 13,667 shares of the company’s stock after selling 5,088 shares during the quarter. Entropy Technologies LP’s holdings in H&R Block were worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in HRB. Versor Investments LP grew its position in shares of H&R Block by 102.4% in the third quarter. Versor Investments LP now owns 31,900 shares of the company’s stock valued at $2,027,000 after purchasing an additional 16,140 shares in the last quarter. Colonial River Investments LLC purchased a new position in H&R Block in the third quarter worth $228,000. Axxcess Wealth Management LLC bought a new stake in H&R Block in the 3rd quarter worth approximately $227,000. Assetmark Inc. grew its holdings in shares of H&R Block by 542.1% during the 3rd quarter. Assetmark Inc. now owns 1,297 shares of the company’s stock valued at $82,000 after purchasing an additional 1,095 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new position in shares of H&R Block during the third quarter valued at about $731,000. 90.14% of the stock is owned by hedge funds and other institutional investors.

H&R Block Stock Down 1.0 %

Shares of HRB stock opened at $59.36 on Thursday. The company’s fifty day simple moving average is $61.89 and its two-hundred day simple moving average is $57.25. H&R Block, Inc. has a 52 week low of $42.28 and a 52 week high of $68.45. The stock has a market cap of $8.14 billion, a P/E ratio of 14.48, a PEG ratio of 0.91 and a beta of 0.67. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 16.46.

H&R Block (NYSE:HRB) last announced its earnings results on Thursday, November 7th. The company reported ($1.17) EPS for the quarter, missing analysts’ consensus estimates of ($1.13) by ($0.04). H&R Block had a negative return on equity of 212.45% and a net margin of 16.19%. The company had revenue of $193.81 million during the quarter, compared to analysts’ expectations of $188.78 million. During the same quarter last year, the firm posted ($1.05) EPS. Analysts predict that H&R Block, Inc. will post 5.28 EPS for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Thursday, December 5th will be paid a $0.375 dividend. The ex-dividend date is Thursday, December 5th. This represents a $1.50 annualized dividend and a yield of 2.53%. H&R Block’s dividend payout ratio (DPR) is currently 36.59%.

H&R Block declared that its Board of Directors has authorized a stock buyback program on Thursday, August 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have recently commented on HRB. The Goldman Sachs Group upped their price objective on shares of H&R Block from $39.00 to $44.00 and gave the company a “sell” rating in a research note on Friday, August 16th. Barrington Research reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of H&R Block in a research report on Friday, November 8th. Finally, StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a report on Friday, August 16th.

Insider Activity

In other news, VP Kellie J. Logerwell sold 9,846 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $65.00, for a total value of $639,990.00. Following the completion of the transaction, the vice president now directly owns 25,028 shares of the company’s stock, valued at approximately $1,626,820. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, VP Kellie J. Logerwell sold 9,846 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.00, for a total transaction of $639,990.00. Following the completion of the transaction, the vice president now owns 25,028 shares of the company’s stock, valued at $1,626,820. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Dara S. Redler sold 9,100 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $64.10, for a total value of $583,310.00. Following the completion of the transaction, the insider now directly owns 22,066 shares of the company’s stock, valued at $1,414,430.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,927 shares of company stock worth $7,517,056. Company insiders own 1.30% of the company’s stock.

H&R Block Profile

H&R Block, Inc, through its subsidiaries, provides assisted income tax return preparation and do-it-yourself (DIY) tax return preparation services and products to the general public primarily in the United States, Canada, and Australia. It offers assisted income tax return preparation and related services through a system of retail offices operated directly by the company or its franchisees.