TransAct Technologies Inc. (NASDAQ:TACT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

According to Zacks, “TransAct Technologies, Incorporated, designs, develops, manufactures and markets transaction-based printers and related products under the ITHACA and MAGNETEC and TRANSACT.COM brand names. The company focuses on five vertical markets: point-of-sale(POS), gaming and lottery, financial services, kiosk and Internet. The company’s printers are trusted world-wide to provide crisp, clean transaction records from receipts, tickets and coupons, register journal and other documents. “

A number of other equities analysts have also recently commented on TACT. B. Riley reaffirmed a “buy” rating and set a $12.00 price target on shares of TransAct Technologies in a research note on Wednesday, May 4th. TheStreet raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th.

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TransAct Technologies (NASDAQ:TACT) traded down 0.14% during mid-day trading on Tuesday, hitting $7.26. 6,096 shares of the stock were exchanged. The company’s 50-day moving average price is $7.43 and its 200 day moving average price is $7.74. The firm has a market capitalization of $54.15 million, a price-to-earnings ratio of 19.62 and a beta of 0.68. TransAct Technologies has a 52 week low of $6.43 and a 52 week high of $10.30.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. TransAct Technologies had a return on equity of 11.66% and a net margin of 5.30%. The firm had revenue of $14.80 million for the quarter, compared to analysts’ expectations of $14.89 million. Equities research analysts expect that TransAct Technologies will post $0.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 19th were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.32 annualized dividend and a yield of 4.41%. TransAct Technologies’s dividend payout ratio (DPR) is 84.21%.

In other TransAct Technologies news, Chairman Bart C. Shuldman sold 6,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $7.33, for a total value of $43,980.00. Following the completion of the sale, the chairman now directly owns 7,914 shares of the company’s stock, valued at approximately $58,009.62. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.57% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TACT. O Shaughnessy Asset Management LLC boosted its stake in TransAct Technologies by 462.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 15,406 shares of the company’s stock valued at $124,000 after buying an additional 12,667 shares during the period. Spark Investment Management LLC bought a new stake in TransAct Technologies during the second quarter valued at about $163,000. Algert Global LLC boosted its stake in TransAct Technologies by 13.6% in the first quarter. Algert Global LLC now owns 23,232 shares of the company’s stock valued at $189,000 after buying an additional 2,781 shares during the period. TIAA CREF Trust Co. FSB MO bought a new stake in TransAct Technologies during the second quarter valued at about $200,000. Finally, B. Riley Financial Inc. boosted its stake in TransAct Technologies by 14.4% in the second quarter. B. Riley Financial Inc. now owns 28,118 shares of the company’s stock valued at $226,000 after buying an additional 3,540 shares during the period. 35.59% 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.

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