Perritt Capital Management Inc. Has $806,000 Stock Holdings in Transcat, Inc. (NASDAQ:TRNS)

Perritt Capital Management Inc. decreased its position in Transcat, Inc. (NASDAQ:TRNS) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,500 shares of the scientific and technical instruments company’s stock after selling 3,500 shares during the quarter. Perritt Capital Management Inc. owned 0.43% of Transcat worth $806,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in Transcat by 22.9% during the 2nd quarter. Northern Trust Corp now owns 30,708 shares of the scientific and technical instruments company’s stock valued at $786,000 after purchasing an additional 5,712 shares during the last quarter. Ancora Advisors LLC increased its holdings in shares of Transcat by 22.0% during the second quarter. Ancora Advisors LLC now owns 268,160 shares of the scientific and technical instruments company’s stock worth $6,862,000 after buying an additional 48,368 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Transcat by 69.1% during the second quarter. Renaissance Technologies LLC now owns 76,586 shares of the scientific and technical instruments company’s stock worth $1,960,000 after buying an additional 31,300 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Transcat by 121.3% during the second quarter. Bank of New York Mellon Corp now owns 27,129 shares of the scientific and technical instruments company’s stock worth $694,000 after buying an additional 14,869 shares in the last quarter. Finally, THB Asset Management raised its stake in shares of Transcat by 2.9% in the second quarter. THB Asset Management now owns 248,953 shares of the scientific and technical instruments company’s stock valued at $6,370,000 after acquiring an additional 7,047 shares during the last quarter. 64.92% of the stock is currently owned by institutional investors and hedge funds.

In other Transcat news, Chairman Charles P. Hadeed sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $26.50, for a total value of $265,000.00. Following the completion of the sale, the chairman now owns 50,993 shares in the company, valued at approximately $1,351,314.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is owned by corporate insiders.

Shares of TRNS stock traded up $0.29 during trading hours on Wednesday, hitting $23.05. 149 shares of the company’s stock were exchanged, compared to its average volume of 20,644. The stock’s 50-day moving average is $22.85 and its 200-day moving average is $23.91. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.10 and a quick ratio of 1.38. The stock has a market cap of $162.77 million, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 3.03 and a beta of 0.79. Transcat, Inc. has a 52 week low of $17.56 and a 52 week high of $27.00.

Transcat (NASDAQ:TRNS) last released its quarterly earnings results on Tuesday, July 23rd. The scientific and technical instruments company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). The business had revenue of $42.40 million during the quarter. Transcat had a net margin of 4.46% and a return on equity of 12.84%. Equities research analysts forecast that Transcat, Inc. will post 0.92 earnings per share for the current fiscal year.

Several research analysts have recently commented on TRNS shares. Zacks Investment Research downgraded Transcat from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 30th. ValuEngine cut Transcat from a “buy” rating to a “hold” rating in a report on Thursday, August 1st.

Transcat Profile

Transcat, Inc provides calibration and laboratory instrument services in North America and internationally. It operates in two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.

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Institutional Ownership by Quarter for Transcat (NASDAQ:TRNS)

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