Algert Global LLC Has $349,000 Stake in TransAct Technologies Incorporated (NASDAQ:TACT)
Algert Global LLC boosted its position in TransAct Technologies Incorporated (NASDAQ:TACT) by 10.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,354 shares of the technology company’s stock after buying an additional 3,765 shares during the period. Algert Global LLC’s holdings in TransAct Technologies were worth $349,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in TACT. North Star Investment Management Corp. purchased a new stake in shares of TransAct Technologies during the second quarter worth about $782,000. Renaissance Technologies LLC increased 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 worth $3,170,000 after buying an additional 4,370 shares during the last quarter. B. Riley Financial Inc. increased its stake in shares of TransAct Technologies by 45.6% in the first quarter. B. Riley Financial Inc. now owns 59,437 shares of the technology company’s stock worth $481,000 after buying an additional 18,606 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of TransAct Technologies during the first quarter worth about $162,000. Finally, LSV Asset Management increased its stake in shares of TransAct Technologies by 13.3% in the first quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock worth $263,000 after buying an additional 3,830 shares during the last quarter. Hedge funds and other institutional investors own 37.95% of the company’s stock.
TransAct Technologies Incorporated (TACT) opened at 9.70 on Friday. TransAct Technologies Incorporated has a 12-month low of $5.90 and a 12-month high of $10.35. The company has a market cap of $71.85 million, a PE ratio of 18.23 and a beta of 0.74. The stock has a 50 day moving average of $8.88 and a 200-day moving average of $8.23.
TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.06. The business had revenue of $13.60 million during the quarter, compared to analyst estimates of $14.35 million. TransAct Technologies had a return on equity of 16.68% and a net margin of 7.27%. On average, equities research analysts anticipate that TransAct Technologies Incorporated will post $0.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, August 17th. TransAct Technologies’s payout ratio is presently 65.45%.
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A number of brokerages have issued reports on TACT. B. Riley reiterated a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research note on Monday. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 4th.
About TransAct Technologies
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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