TransAct Technologies Incorporated (NASDAQ:TACT) CFO Steven A. Demartino sold 2,607 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $9.59, for a total transaction of $25,001.13. Following the transaction, the chief financial officer now owns 45,443 shares in the company, valued at approximately $435,798.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
TransAct Technologies Incorporated (NASDAQ:TACT) traded down 0.53% on Thursday, hitting $9.40. 4,372 shares of the company were exchanged. The firm has a market cap of $69.21 million, a price-to-earnings ratio of 17.67 and a beta of 0.74. The stock has a 50 day moving average price of $9.54 and a 200 day moving average price of $8.67. TransAct Technologies Incorporated has a one year low of $5.90 and a one year high of $10.50.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The firm had revenue of $13.60 million for the quarter, compared to analyst estimates of $14.35 million. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. On average, equities research analysts forecast that TransAct Technologies Incorporated will post $0.53 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.81%. TransAct Technologies’s payout ratio is 65.45%.
Hedge funds have recently made changes to their positions in the company. M&T Bank Corp acquired a new position in shares of TransAct Technologies during the first quarter worth approximately $162,000. Northern Trust Corp lifted its position in shares of TransAct Technologies by 7.0% during the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after purchasing an additional 1,730 shares in the last quarter. LSV Asset Management lifted its position in shares of TransAct Technologies by 13.3% during the first quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock worth $263,000 after purchasing an additional 3,830 shares in the last quarter. Algert Global LLC lifted its position in shares of TransAct Technologies by 10.0% during the second quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock worth $349,000 after purchasing an additional 3,765 shares in the last quarter. Finally, B. Riley Financial Inc. lifted its position in shares of TransAct Technologies by 45.6% during the first quarter. B. Riley Financial Inc. now owns 59,437 shares of the technology company’s stock worth $481,000 after purchasing an additional 18,606 shares in the last quarter. Institutional investors own 37.23% of the company’s stock.
A number of research analysts recently commented on the stock. B. Riley reiterated a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research note on Monday, August 7th. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Saturday, August 26th.
TransAct Technologies Company Profile
TransAct Technologies Incorporated (TransAct) designs, develops and sells market-specific solutions, including printers, terminals, software and other products for transaction-based and other industries. The Company operates through the segment, which includes design, development, assembly and marketing of transaction printers and terminals, and providing printer and terminal related software, services, supplies and spare parts.
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