TransAct Technologies Incorporated (NASDAQ:TACT) Chairman Bart C. Shuldman sold 1,499 shares of TransAct Technologies stock in a transaction on Friday, September 8th. The stock was sold at an average price of $9.64, for a total transaction of $14,450.36. Following the completion of the transaction, the chairman now owns 12,514 shares in the company, valued at approximately $120,634.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of TransAct Technologies Incorporated (NASDAQ TACT) remained flat at $9.50 during midday trading on Friday. The company’s stock had a trading volume of 4,081 shares. The firm has a market capitalization of $69.95 million, a PE ratio of 17.86 and a beta of 0.74. The firm’s 50-day moving average is $9.51 and its 200 day moving average is $8.62. TransAct Technologies Incorporated has a 12 month low of $5.90 and a 12 month high of $10.50.
TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.06. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. The business had revenue of $13.60 million for the quarter, compared to the consensus estimate of $14.35 million. On average, equities analysts expect that TransAct Technologies Incorporated will post $0.53 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, August 17th. TransAct Technologies’s dividend payout ratio is currently 65.45%.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of TransAct Technologies by 1.1% in the first quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after acquiring an additional 4,370 shares during the period. North Star Investment Management Corp. purchased a new stake in shares of TransAct Technologies in the second quarter valued at $782,000. B. Riley Financial Inc. raised its stake in shares of TransAct Technologies by 23.2% in the second quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock valued at $622,000 after acquiring an additional 13,817 shares during the period. LSV Asset Management raised its stake in shares of TransAct Technologies by 55.5% in the second quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after acquiring an additional 18,070 shares during the period. Finally, Algert Global LLC raised its stake in shares of TransAct Technologies by 10.0% in the second quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after acquiring an additional 3,765 shares during the period. 38.22% of the stock is currently owned by institutional investors and hedge funds.
TACT has been the topic of a number of analyst reports. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, August 26th. Finally, B. Riley reissued a “buy” rating and issued a $11.00 price target on shares of TransAct Technologies in a report on Monday, August 7th.
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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