Insider Selling: TransAct Technologies Incorporated (TACT) CFO Sells 3,293 Shares of Stock
TransAct Technologies Incorporated (NASDAQ:TACT) CFO Steven A. Demartino sold 3,293 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $9.70, for a total transaction of $31,942.10. Following the sale, the chief financial officer now directly owns 47,419 shares in the company, valued at $459,964.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of TransAct Technologies Incorporated (NASDAQ:TACT) remained flat at $9.50 during trading on Friday. 4,081 shares of the company were exchanged. The stock has a 50-day moving average price of $9.49 and a 200 day moving average price of $8.61. TransAct Technologies Incorporated has a one year low of $5.89 and a one year high of $10.50. The firm has a market capitalization of $69.95 million, a PE ratio of 17.86 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.35 million. On average, equities analysts predict that TransAct Technologies Incorporated will post $0.53 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.79%. The ex-dividend date is Thursday, August 17th. TransAct Technologies’s dividend payout ratio (DPR) is currently 65.45%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp increased its position in TransAct Technologies by 7.0% in 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 period. Algert Global LLC increased its position in TransAct Technologies by 10.0% in 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 period. LSV Asset Management increased its position in TransAct Technologies by 13.3% in 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 period. Renaissance Technologies LLC increased its position in TransAct Technologies by 1.1% in 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 period. Finally, B. Riley Financial Inc. increased its position in TransAct Technologies by 23.2% in 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 period. Hedge funds and other institutional investors own 38.22% of the company’s stock.
Several analysts have recently commented on TACT shares. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Saturday, August 26th. B. Riley reaffirmed a “buy” rating and issued a $11.00 price objective 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.
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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