TransAct Technologies Incorporated (NASDAQ:TACT) Position Raised by Renaissance Technologies LLC
Renaissance Technologies LLC boosted its position in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 391,371 shares of the technology company’s stock after buying an additional 4,370 shares during the period. Renaissance Technologies LLC owned approximately 0.05% of TransAct Technologies worth $3,170,000 as of its most recent filing with the SEC.
Several other large investors have also recently made changes to their positions in TACT. 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 in the last quarter. Algert Global LLC increased its stake in shares of TransAct Technologies by 24.1% in the first quarter. Algert Global LLC now owns 37,589 shares of the technology company’s stock worth $304,000 after buying an additional 7,301 shares in the last quarter. 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 in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of TransAct Technologies during the first quarter worth approximately $162,000. 37.95% of the stock is currently owned by institutional investors.
TransAct Technologies Incorporated (NASDAQ:TACT) traded up 2.11% on Friday, hitting $9.70. 23,712 shares of the company were exchanged. TransAct Technologies Incorporated has a 52-week low of $5.90 and a 52-week high of $10.35. The firm has a 50 day moving average of $8.88 and a 200-day moving average of $8.23. The stock has a market cap of $71.85 million, a PE ratio of 18.23 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. The business had revenue of $13.60 million for the quarter, compared to analysts’ expectations of $14.35 million. On average, equities analysts expect that TransAct Technologies Incorporated will post $0.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.71%. TransAct Technologies’s payout ratio is currently 65.45%.
COPYRIGHT VIOLATION NOTICE: “TransAct Technologies Incorporated (NASDAQ:TACT) Position Raised by Renaissance Technologies LLC” was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.watchlistnews.com/transact-technologies-incorporated-nasdaqtact-position-raised-by-renaissance-technologies-llc/1478988.html.
A number of equities research analysts have commented on TACT shares. B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research report on Sunday, May 7th. ValuEngine downgraded shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
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.
Want to see what other hedge funds are holding TACT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransAct Technologies Incorporated (NASDAQ:TACT).
Receive News & Ratings for TransAct Technologies Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransAct Technologies Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.