TransAct Technologies Incorporated (TACT) Declares $0.09 Quarterly Dividend

TransAct Technologies Incorporated (NASDAQ:TACT) announced a quarterly dividend on Monday, July 31st, Zacks reports. Shareholders of record on Monday, August 21st will be paid a dividend of 0.09 per share by the technology company on Friday, September 15th. This represents a $0.36 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Thursday, August 17th.

Shares of TransAct Technologies (NASDAQ TACT) opened at 9.80 on Friday. TransAct Technologies has a 52 week low of $5.90 and a 52 week high of $10.35. The firm has a 50-day moving average price of $9.07 and a 200-day moving average price of $8.33. The stock has a market cap of $72.16 million, a price-to-earnings ratio of 18.42 and a beta of 0.74.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.12 earnings per share for the quarter, beating 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 business had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.35 million. On average, equities analysts anticipate that TransAct Technologies will post $0.53 earnings per share for the current year.

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TACT has been the subject of a number of research analyst reports. B. Riley reaffirmed a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research report on Sunday, May 7th. ValuEngine cut shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.

A hedge fund recently raised its stake in TransAct Technologies stock. Northern Trust Corp raised its position in TransAct Technologies Incorporated (NASDAQ:TACT) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,419 shares of the technology company’s stock after buying an additional 1,730 shares during the period. Northern Trust Corp owned approximately 0.36% of TransAct Technologies worth $223,000 at the end of the most recent quarter. 37.78% of the stock is owned by institutional investors.

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.

Dividend History for TransAct Technologies (NASDAQ:TACT)

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