Kennondale Capital Management LLC Makes New Investment in H&R Block, Inc. (NYSE:HRB)

Kennondale Capital Management LLC acquired a new position in shares of H&R Block, Inc. (NYSE:HRB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,972 shares of the company’s stock, valued at approximately $157,000.

Other hedge funds have also recently bought and sold shares of the company. Endeavor Private Wealth Inc. purchased a new position in H&R Block during the 4th quarter worth $27,000. Spire Wealth Management purchased a new position in H&R Block during the 4th quarter worth $28,000. Darwin Wealth Management LLC purchased a new position in H&R Block during the 3rd quarter worth $34,000. Newbridge Financial Services Group Inc. purchased a new position in H&R Block during the 4th quarter worth $29,000. Finally, GAMMA Investing LLC boosted its holdings in H&R Block by 64.5% during the 4th quarter. GAMMA Investing LLC now owns 658 shares of the company’s stock worth $35,000 after acquiring an additional 258 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. StockNews.com downgraded shares of H&R Block from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Barrington Research reiterated an “outperform” rating and set a $70.00 target price on shares of H&R Block in a research note on Wednesday, February 5th.

H&R Block Trading Up 3.7 %

NYSE HRB opened at $52.10 on Tuesday. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.80 and a beta of 0.65. H&R Block, Inc. has a one year low of $45.87 and a one year high of $68.45. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The business’s fifty day moving average is $53.54 and its 200-day moving average is $57.47.

H&R Block (NYSE:HRB) last released its 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 negative return on equity of 179.15% and a net margin of 14.71%. Equities research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Tuesday, March 4th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, March 4th. H&R Block’s dividend payout ratio is currently 41.32%.

H&R Block 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.