TransAct Technologies Incorporated (NASDAQ:TACT) announced a quarterly dividend on Thursday, October 26th, Zacks reports. Investors of record on Monday, November 20th will be given a dividend of 0.09 per share by the technology company on Friday, December 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, November 17th.
Shares of TransAct Technologies (NASDAQ TACT) opened at $12.90 on Friday. The stock has a market cap of $95.02, a P/E ratio of 19.25 and a beta of 0.75. TransAct Technologies has a 1 year low of $5.89 and a 1 year high of $14.15.
TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Wednesday, November 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.58 million. TransAct Technologies had a net margin of 8.78% and a return on equity of 20.31%. research analysts anticipate that TransAct Technologies will post 0.62 earnings per share for the current year.
TACT has been the subject of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research report on Monday, August 7th. ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Zacks Investment Research downgraded shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
In other TransAct Technologies news, CFO Steven A. Demartino sold 2,583 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $9.75, for a total value of $25,184.25. Following the completion of the sale, the chief financial officer now owns 47,419 shares of the company’s stock, valued at $462,335.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Steven A. Demartino sold 3,293 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $9.70, for a total transaction of $31,942.10. Following the completion of the sale, the chief financial officer now directly owns 47,419 shares of the company’s stock, valued at approximately $459,964.30. The disclosure for this sale can be found here. Insiders sold 100,062 shares of company stock valued at $1,169,159 in the last ninety days. 11.57% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in TransAct Technologies stock. Northern Trust Corp raised its position in TransAct Technologies Incorporated (NASDAQ:TACT) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,419 shares of the technology company’s stock after acquiring an additional 1,730 shares during the quarter. Northern Trust Corp owned 0.36% of TransAct Technologies worth $223,000 at the end of the most recent quarter. 37.24% of the stock is currently owned by institutional investors and hedge funds.
About TransAct Technologies
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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