TransAct Technologies Incorporated (NASDAQ:TACT) Director Graham Y. Tanaka sold 4,517 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $9.90, for a total transaction of $44,718.30. Following the completion of the transaction, the director now owns 83,327 shares of the company’s stock, valued at $824,937.30. The sale was disclosed in a filing with the SEC, which is available at this link.

NASDAQ TACT traded down $0.39 on Friday, hitting $9.50. 204 shares of the stock were exchanged, compared to its average volume of 33,359. The firm has a market capitalization of $73.17 million, a price-to-earnings ratio of 15.88 and a beta of 0.64. TransAct Technologies Incorporated has a 52-week low of $9.63 and a 52-week high of $15.95.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.24 by $0.09. The company had revenue of $15.84 million during the quarter, compared to analyst estimates of $15.49 million. TransAct Technologies had a net margin of 7.23% and a return on equity of 21.01%. As a group, research analysts anticipate that TransAct Technologies Incorporated will post 0.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.79%. The ex-dividend date is Monday, November 19th. TransAct Technologies’s payout ratio is 60.00%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in TransAct Technologies by 3.2% during the third quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock worth $5,782,000 after buying an additional 12,400 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of TransAct Technologies by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock worth $3,689,000 after purchasing an additional 7,428 shares during the last quarter. Cadence Capital Management LLC lifted its position in shares of TransAct Technologies by 16.1% during the third quarter. Cadence Capital Management LLC now owns 173,396 shares of the technology company’s stock worth $2,497,000 after purchasing an additional 24,046 shares during the last quarter. Cowen Prime Services LLC lifted its position in shares of TransAct Technologies by 5.4% during the second quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock worth $2,041,000 after purchasing an additional 8,299 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of TransAct Technologies by 23.8% during the second quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock worth $920,000 after purchasing an additional 14,156 shares during the last quarter. 41.06% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on TACT shares. ValuEngine downgraded shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. B. Riley raised their price target on shares of TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research cut shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th.

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TransAct Technologies Company Profile

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

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