TransAct Technologies Incorporated (NASDAQ:TACT) Chairman Bart C. Shuldman sold 15,400 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $9.24, for a total transaction of $142,296.00. Following the sale, the chairman now owns 12,494 shares of the company’s stock, valued at approximately $115,444.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of TransAct Technologies Incorporated (NASDAQ TACT) opened at 9.60 on Wednesday. TransAct Technologies Incorporated has a 12 month low of $5.90 and a 12 month high of $10.50. The stock has a market cap of $70.68 million, a P/E ratio of 18.05 and a beta of 0.74. The stock’s 50 day moving average is $9.64 and its 200 day moving average is $8.75.
TransAct Technologies (NASDAQ:TACT) last released its earnings results on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. The company had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.35 million. TransAct Technologies had a return on equity of 16.68% and a net margin of 7.27%. Analysts predict that TransAct Technologies Incorporated will post $0.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 21st were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Thursday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is currently 65.45%.
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Several analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research report on Monday, August 7th. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report 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 for the company in a research report on Saturday, August 26th.
Several institutional investors have recently added to or reduced their stakes in TACT. North Star Investment Management Corp. purchased a new position in shares of TransAct Technologies during the 2nd quarter valued at approximately $782,000. M&T Bank Corp purchased a new position in shares of TransAct Technologies during the 1st quarter valued at approximately $162,000. B. Riley Financial Inc. boosted its stake in shares of TransAct Technologies by 45.6% during the 1st quarter. B. Riley Financial Inc. now owns 59,437 shares of the technology company’s stock valued at $481,000 after buying an additional 18,606 shares during the last quarter. LSV Asset Management boosted its stake in shares of TransAct Technologies by 55.5% during the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after buying an additional 18,070 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of TransAct Technologies by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after buying an additional 4,370 shares during the last quarter. Institutional investors own 37.23% of the company’s stock.
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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