TransAct Technologies Incorporated (NASDAQ:TACT) Chairman Bart C. Shuldman sold 5,823 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $14.53, for a total value of $84,608.19. Following the transaction, the chairman now directly owns 22,028 shares of the company’s stock, valued at approximately $320,066.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
TransAct Technologies stock opened at $14.40 on Friday. The company has a market capitalization of $106.22 million, a price-to-earnings ratio of 23.52 and a beta of 0.87. TransAct Technologies Incorporated has a 12 month low of $8.75 and a 12 month high of $15.80.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Thursday, August 2nd. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.09 by $0.07. The firm had revenue of $14.75 million during the quarter, compared to analysts’ expectations of $12.64 million. TransAct Technologies had a return on equity of 18.04% and a net margin of 5.91%. equities research analysts expect that TransAct Technologies Incorporated will post 0.65 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of TACT. Renaissance Technologies LLC raised its holdings in TransAct Technologies by 8.3% in the 4th quarter. Renaissance Technologies LLC now owns 451,100 shares of the technology company’s stock valued at $5,977,000 after acquiring an additional 34,500 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of TransAct Technologies by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 287,664 shares of the technology company’s stock worth $3,754,000 after buying an additional 30,874 shares in the last quarter. Punch & Associates Investment Management Inc. raised its holdings in shares of TransAct Technologies by 10.7% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 311,000 shares of the technology company’s stock worth $4,059,000 after buying an additional 30,000 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of TransAct Technologies in the 1st quarter worth approximately $389,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of TransAct Technologies by 219.7% in the 4th quarter. Bank of New York Mellon Corp now owns 37,555 shares of the technology company’s stock worth $497,000 after buying an additional 25,809 shares in the last quarter. 41.36% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, August 7th. ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Finally, B. Riley reaffirmed a “buy” rating on shares of TransAct Technologies in a report on Friday, August 3rd.
About TransAct Technologies
TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.
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