TransAct Technologies Incorporated (NASDAQ:TACT) CFO Steven A. Demartino sold 2,583 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $9.75, for a total value of $25,184.25. Following 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 SEC, which can be accessed through this hyperlink.
TransAct Technologies Incorporated (NASDAQ TACT) opened at 9.50 on Monday. TransAct Technologies Incorporated has a 52-week low of $5.89 and a 52-week high of $10.50. The company has a market capitalization of $69.95 million, a P/E ratio of 17.86 and a beta of 0.74. The firm has a 50-day moving average price of $9.51 and a 200 day moving average price of $8.62.
TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.06. TransAct Technologies had a return on equity of 16.68% and a net margin of 7.27%. The business had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.35 million. On average, analysts predict that TransAct Technologies Incorporated will post $0.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.79%. The ex-dividend date is Thursday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is currently 65.45%.
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Hedge funds have recently modified their holdings of the business. M&T Bank Corp bought a new stake in TransAct Technologies during the first quarter worth about $162,000. Northern Trust Corp lifted its stake in 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 during the last quarter. LSV Asset Management lifted its stake in 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 during the last quarter. Algert Global LLC lifted its stake in TransAct Technologies by 24.1% during the first quarter. Algert Global LLC now owns 37,589 shares of the technology company’s stock worth $304,000 after purchasing an additional 7,301 shares during the last quarter. Finally, B. Riley Financial Inc. lifted its stake in 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 during the last quarter. 37.23% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on TACT. Zacks Investment Research upgraded 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. 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. Finally, ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 4th.
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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