TransAct Technologies Incorporated (TACT) Director Acquires $88,100.00 in Stock

TransAct Technologies Incorporated (NASDAQ:TACT) Director John Dillon purchased 10,000 shares of TransAct Technologies stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average cost of $8.81 per share, with a total value of $88,100.00. Following the completion of the transaction, the director now owns 23,075 shares of the company’s stock, valued at $203,290.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:TACT traded up $0.13 on Friday, reaching $8.83. The company’s stock had a trading volume of 1,509 shares, compared to its average volume of 32,925. TransAct Technologies Incorporated has a 52-week low of $8.40 and a 52-week high of $15.95. The stock has a market capitalization of $65.25 million, a price-to-earnings ratio of 12.61 and a beta of 0.88.

TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Wednesday, March 6th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). TransAct Technologies had a net margin of 9.94% and a return on equity of 21.38%. The business had revenue of $11.76 million during the quarter, compared to analysts’ expectations of $13.65 million. On average, equities research analysts forecast that TransAct Technologies Incorporated will post 0.6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Wednesday, February 20th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.08%. This is a boost from TransAct Technologies’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Tuesday, February 19th. TransAct Technologies’s dividend payout ratio is presently 51.43%.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of TransAct Technologies by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 296,535 shares of the technology company’s stock valued at $2,663,000 after buying an additional 2,337 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of TransAct Technologies by 3.2% in the third quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock valued at $5,782,000 after buying an additional 12,400 shares during the last quarter. North Star Investment Management Corp. raised its holdings in shares of TransAct Technologies by 13.6% in the fourth quarter. North Star Investment Management Corp. now owns 113,100 shares of the technology company’s stock valued at $1,016,000 after buying an additional 13,500 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of TransAct Technologies in the fourth quarter valued at about $244,000. Finally, Royce & Associates LP purchased a new stake in shares of TransAct Technologies in the fourth quarter valued at about $257,000. 43.78% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on TACT. ValuEngine cut shares of TransAct Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Zacks Investment Research cut shares of TransAct Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 10th.

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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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