TransAct Technologies Incorporated (NASDAQ:TACT) Director Graham Y. Tanaka sold 23,228 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $10.48, for a total value of $243,429.44. Following the transaction, the director now owns 100,959 shares of the company’s stock, valued at approximately $1,058,050.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NASDAQ:TACT opened at $10.59 on Tuesday. TransAct Technologies Incorporated has a 12-month low of $10.11 and a 12-month high of $15.95. The company has a market cap of $76.13 million, a P/E ratio of 17.65 and a beta of 0.66.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. TransAct Technologies had a return on equity of 21.01% and a net margin of 7.23%. The business had revenue of $15.84 million during the quarter, compared to analyst estimates of $15.49 million. Equities analysts forecast that TransAct Technologies Incorporated will post 0.71 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, August 7th. ValuEngine lowered TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th. Finally, B. Riley boosted their price objective on TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, November 7th.
Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its stake in TransAct Technologies by 23.8% during the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock valued at $920,000 after acquiring an additional 14,156 shares in the last quarter. Cadence Capital Management LLC raised its stake in TransAct Technologies by 16.1% during the 3rd quarter. Cadence Capital Management LLC now owns 173,396 shares of the technology company’s stock valued at $2,497,000 after acquiring an additional 24,046 shares in the last quarter. Cowen Prime Services LLC raised its stake in TransAct Technologies by 5.4% during the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock valued at $2,041,000 after acquiring an additional 8,299 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in TransAct Technologies by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock valued at $3,689,000 after acquiring an additional 7,428 shares in the last quarter. Finally, Manatuck Hill Partners LLC raised its stake in TransAct Technologies by 158.8% during the 3rd quarter. Manatuck Hill Partners LLC now owns 50,853 shares of the technology company’s stock valued at $732,000 after acquiring an additional 31,200 shares in the last quarter. 41.06% of the stock is currently owned by hedge funds and other institutional investors.
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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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