Christopher Joseph Carroll, Former Vice President of Sales & Marketing at Liberty Tax Inc. (NASDAQ:TAX), disposed of 45,000 shares of Class A Common Stock, directly, this week. The sale was executed in a three day transaction, which commenced on Monday by unloading 7,000 shares for a weighted average price of $34.76 per share, and continued on Tuesday by disposing of 6,900 shares for $34.01 per share. The larger bulk of 31,000 shares were sold on Wednesday, at a weighted average price of $33.92 per share, thereby closing the disposition. Furthermore, the insider exercised his use of employee stock options for his first stock transaction of the year.
Although stock sales have been frequent this quarter at the $457.9 million market cap holding firm, hedge funds remain confident in profitability. In fact, this quarter showed several new shareholding positions, such as Richard Meisenberg’s Ack Asset Management. The hedge fund recently acquired 243,100 Liberty Tax shares, for a value of $6.7 million, comprising 2.22% of the overall portfolio.