Gamco Investors INC. ET AL Has $735,000 Position in TransAct Technologies Incorporated (TACT)
Gamco Investors INC. ET AL decreased its position in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,000 shares of the technology company’s stock after selling 1,000 shares during the period. Gamco Investors INC. ET AL owned 1.18% of TransAct Technologies worth $735,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in 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 in the last quarter. North Star Investment Management Corp. purchased a new stake in TransAct Technologies during the second quarter worth $782,000. B. Riley Financial Inc. raised its stake in 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 in the last quarter. Algert Global LLC raised its stake in TransAct Technologies by 10.0% in the second quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock worth $349,000 after buying an additional 3,765 shares in the last quarter. Finally, LSV Asset Management raised its stake in 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 in the last quarter. Institutional investors and hedge funds own 37.23% of the company’s stock.
Shares of TransAct Technologies Incorporated (NASDAQ:TACT) opened at 9.70 on Wednesday. The stock’s 50 day moving average is $9.28 and its 200-day moving average is $8.45. TransAct Technologies Incorporated has a one year low of $5.89 and a one year high of $10.50. The stock has a market cap of $71.42 million, a P/E ratio of 18.23 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $13.60 million for 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 analysts forecast that TransAct Technologies Incorporated will post $0.53 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.71%. The ex-dividend date is Thursday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is 65.45%.
TACT has been the subject of a number of analyst reports. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research note on Sunday, May 7th. ValuEngine lowered shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday.
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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