TransAct Technologies Incorporated (TACT) CFO Sells $31,236.84 in Stock
TransAct Technologies Incorporated (NASDAQ:TACT) CFO Steven A. Demartino sold 3,348 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.33, for a total transaction of $31,236.84. Following the transaction, the chief financial officer now owns 45,653 shares of the company’s stock, valued at approximately $425,942.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of TransAct Technologies Incorporated (NASDAQ TACT) opened at 9.60 on Thursday. TransAct Technologies Incorporated has a 1-year low of $5.90 and a 1-year high of $10.50. The company’s 50-day moving average is $9.64 and its 200-day moving average is $8.75. The stock has a market cap of $70.68 million, a P/E ratio of 18.05 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.06. TransAct Technologies had a net margin of 7.27% and a return on equity of 16.68%. The company had revenue of $13.60 million for the quarter, compared to analysts’ expectations of $14.35 million. Equities analysts expect that TransAct Technologies Incorporated will post $0.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Monday, August 21st were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.75%. TransAct Technologies’s payout ratio is 65.45%.
A number of equities analysts recently weighed in on TACT shares. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Saturday, August 26th. B. Riley reaffirmed a “buy” rating and set a $11.00 price target on shares of TransAct Technologies in a research note on Monday, August 7th. Finally, ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 4th.
Several hedge funds have recently made changes to their positions in the company. Northern Trust Corp boosted its position in shares of TransAct Technologies by 7.0% during the 2nd quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock valued at $223,000 after acquiring an additional 1,730 shares during the last quarter. Algert Global LLC boosted its position in shares of TransAct Technologies by 10.0% during the 2nd quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after acquiring an additional 3,765 shares during the last quarter. LSV Asset Management boosted its position in shares of TransAct Technologies by 13.3% during the 1st quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock valued at $263,000 after acquiring an additional 3,830 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of TransAct Technologies by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after acquiring an additional 4,370 shares during the last quarter. Finally, B. Riley Financial Inc. boosted its position in shares of TransAct Technologies by 23.2% during the 2nd quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock valued at $622,000 after acquiring an additional 13,817 shares during the last quarter. 37.23% of the stock is currently owned by hedge funds and other institutional investors.
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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