Tracey S. Chernay Sells 3,000 Shares of TransAct Technologies Incorporated (TACT) Stock
TransAct Technologies Incorporated (NASDAQ:TACT) SVP Tracey S. Chernay sold 3,000 shares of TransAct Technologies stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $13.70, for a total transaction of $41,100.00. Following the completion of the transaction, the senior vice president now owns 3,000 shares of the company’s stock, valued at approximately $41,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of TransAct Technologies Incorporated (NASDAQ:TACT) opened at $14.45 on Wednesday. TransAct Technologies Incorporated has a 12-month low of $6.00 and a 12-month high of $15.55. The company has a market cap of $110.49, a price-to-earnings ratio of 22.39 and a beta of 0.75.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.58 million. TransAct Technologies had a net margin of 8.78% and a return on equity of 19.99%. analysts expect that TransAct Technologies Incorporated will post 0.62 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 annualized dividend and a yield of 2.49%. TransAct Technologies’s dividend payout ratio is currently 53.73%.
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A number of institutional investors and hedge funds have recently made changes to their positions in TACT. Renaissance Technologies LLC increased its stake in TransAct Technologies by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after buying an additional 4,370 shares during the period. Algert Global LLC increased its stake in TransAct Technologies by 10.0% in the 2nd quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after buying an additional 3,765 shares during the period. LSV Asset Management increased its stake in TransAct Technologies by 55.5% in the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after buying an additional 18,070 shares during the period. Northern Trust Corp increased its stake in TransAct Technologies by 7.0% in the 2nd quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock valued at $223,000 after buying an additional 1,730 shares during the period. Finally, B. Riley Financial Inc. increased its stake in TransAct Technologies by 23.2% in the 2nd quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock valued at $622,000 after buying an additional 13,817 shares during the period. 38.28% of the stock is currently owned by institutional investors.
Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Saturday, November 4th. B. Riley restated a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research report on Friday, October 27th. Finally, ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 4th.
TransAct Technologies Company Profile
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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