TransAct Technologies Incorporated (NASDAQ:TACT) Chairman Bart C. Shuldman sold 11,950 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $13.03, for a total value of $155,708.50. Following the completion of the sale, the chairman now owns 17,814 shares of the company’s stock, valued at $232,116.42. The transaction was disclosed in a filing with the SEC, which is available through this link.
TransAct Technologies Incorporated (NASDAQ:TACT) traded down $0.11 during trading hours on Friday, hitting $12.89. The stock had a trading volume of 2,272 shares, compared to its average volume of 15,396. The stock has a market cap of $98.68, a price-to-earnings ratio of 20.00 and a beta of 0.75. TransAct Technologies Incorporated has a 52-week low of $5.89 and a 52-week high of $14.15.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to analyst estimates of $14.58 million. TransAct Technologies had a return on equity of 20.31% and a net margin of 8.78%. equities research analysts expect that TransAct Technologies Incorporated will post 0.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be paid a $0.09 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.36 dividend on an annualized basis and a yield of 2.79%. TransAct Technologies’s payout ratio is presently 53.73%.
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A number of hedge funds have recently modified their holdings of TACT. Macquarie Group Ltd. purchased a new stake in TransAct Technologies in the 3rd quarter worth $123,000. Northern Trust Corp increased its stake in TransAct Technologies by 7.0% in the 2nd quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after buying an additional 1,730 shares in the last quarter. Algert Global LLC increased its stake in TransAct Technologies by 10.0% in the 2nd quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock worth $349,000 after buying an additional 3,765 shares in the last quarter. LSV Asset Management increased its stake in TransAct Technologies by 55.5% in the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock worth $430,000 after buying an additional 18,070 shares in the last quarter. Finally, B. Riley Financial Inc. increased its stake in TransAct Technologies by 23.2% in the 2nd quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock worth $622,000 after buying an additional 13,817 shares in the last quarter. Institutional investors and hedge funds own 37.24% of the company’s stock.
TACT has been the subject of several analyst reports. B. Riley restated a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research note on Friday, October 27th. ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research lowered TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.
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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