TransAct Technologies Incorporated (NASDAQ:TACT) SVP Tracey S. Chernay sold 7,875 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $10.39, for a total value of $81,821.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TACT stock opened at $9.89 on Friday. The firm has a market cap of $73.17 million, a PE ratio of 14.14 and a beta of 0.64. TransAct Technologies Incorporated has a fifty-two week low of $9.63 and a fifty-two week high of $15.95.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.09. The company had revenue of $15.84 million during the quarter, compared to the consensus estimate of $15.49 million. TransAct Technologies had a return on equity of 21.01% and a net margin of 7.23%. On average, research analysts forecast that TransAct Technologies Incorporated will post 0.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, November 19th. This represents a $0.36 annualized dividend and a dividend yield of 3.64%. TransAct Technologies’s payout ratio is 60.00%.
TACT has been the subject of several research reports. B. Riley increased their price target on TransAct Technologies from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, November 7th. ValuEngine downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. Finally, Zacks Investment Research downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th.
Hedge funds have recently bought and sold shares of the company. Manatuck Hill Partners LLC bought a new position in shares of TransAct Technologies during the 2nd quarter worth $246,000. Acadian Asset Management LLC grew its stake in shares of TransAct Technologies by 23.8% during the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock worth $920,000 after acquiring an additional 14,156 shares during the period. Cadence Capital Management LLC grew its stake in shares of TransAct Technologies by 20.4% during the 2nd quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock worth $1,867,000 after acquiring an additional 25,330 shares during the period. Cowen Prime Services LLC grew its stake in shares of TransAct Technologies by 5.4% during the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock worth $2,041,000 after acquiring an additional 8,299 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of TransAct Technologies by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock worth $3,689,000 after acquiring an additional 7,428 shares during the period. Institutional investors own 41.06% of the company’s stock.
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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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