Boothbay Fund Management LLC Invests $534,000 in H&R Block, Inc. (NYSE:HRB)

Boothbay Fund Management LLC bought a new stake in shares of H&R Block, Inc. (NYSE:HRB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 10,098 shares of the company's stock, valued at approximately $534,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Boston Partners lifted its position in H&R Block by 58.5% during the 4th quarter. Boston Partners now owns 4,500,552 shares of the company's stock worth $237,814,000 after buying an additional 1,660,319 shares in the last quarter. Norges Bank acquired a new stake in shares of H&R Block during the fourth quarter worth about $57,253,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of H&R Block by 12.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,701,896 shares of the company's stock worth $248,448,000 after buying an additional 523,353 shares during the period. Boston Trust Walden Corp acquired a new position in H&R Block during the fourth quarter worth $25,552,000. Finally, Pacer Advisors Inc. raised its holdings in H&R Block by 21.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock valued at $144,527,000 after acquiring an additional 476,892 shares during the period. Institutional investors own 90.14% of the company's stock.

Insider Activity

In related news, CEO Jeffrey J. Jones II sold 53,810 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $63.28, for a total value of $3,405,096.80. Following the transaction, the chief executive officer now owns 844,790 shares of the company's stock, valued at $53,458,311.20. This represents a 5.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HRB shares. Barrington Research reiterated an "outperform" rating and set a $70.00 price target on shares of H&R Block in a report on Friday, April 25th. Northcoast Research lowered shares of H&R Block from a "buy" rating to a "neutral" rating in a research note on Friday. Finally, StockNews.com lowered shares of H&R Block from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th.

H&R Block Stock Performance

Shares of HRB stock traded down $0.88 during trading hours on Monday, reaching $61.60. The company had a trading volume of 639,706 shares, compared to its average volume of 1,375,440. The firm has a market cap of $8.24 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 0.80 and a beta of 0.39. The company has a debt-to-equity ratio of 16.46, a quick ratio of 0.73 and a current ratio of 0.73. The business has a fifty day moving average price of $56.15 and a 200-day moving average price of $56.15. H&R Block, Inc. has a one year low of $47.70 and a one year high of $68.45.

H&R Block (NYSE:HRB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported ($1.73) EPS for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. Sell-side analysts predict that H&R Block, Inc. will post 5.25 earnings per share for the current fiscal year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th were issued a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.44%. The ex-dividend date was Tuesday, March 4th. H&R Block's payout ratio is 41.32%.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.