TransAct Technologies Incorporated (TACT) CFO Steven A. Demartino Sells 2,583 Shares
TransAct Technologies Incorporated (NASDAQ:TACT) CFO Steven A. Demartino sold 2,583 shares of TransAct Technologies stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $9.75, for a total value of $25,184.25. Following the transaction, the chief financial officer now directly owns 47,419 shares of the company’s stock, valued at $462,335.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
TransAct Technologies Incorporated (NASDAQ TACT) remained flat at $9.50 on Friday. The stock had a trading volume of 4,081 shares. TransAct Technologies Incorporated has a 12-month low of $5.89 and a 12-month high of $10.50. The stock has a 50-day moving average of $9.49 and a 200 day moving average of $8.61. The stock has a market cap of $69.95 million, a PE ratio of 17.86 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last released its earnings results on Thursday, August 3rd. The technology company reported $0.12 earnings per share 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 business 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 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, August 17th. TransAct Technologies’s payout ratio is 65.45%.
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Several hedge funds and other institutional investors have recently bought and sold shares of TACT. M&T Bank Corp acquired a new stake in shares of TransAct Technologies in the first quarter valued at approximately $162,000. Northern Trust Corp grew its holdings in TransAct Technologies by 7.0% during the 2nd quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock worth $223,000 after acquiring an additional 1,730 shares during the period. LSV Asset Management grew its holdings in TransAct Technologies by 13.3% during the 1st quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock worth $263,000 after acquiring an additional 3,830 shares during the period. Algert Global LLC grew its holdings in TransAct Technologies by 24.1% during the 1st quarter. Algert Global LLC now owns 37,589 shares of the technology company’s stock worth $304,000 after acquiring an additional 7,301 shares during the period. Finally, B. Riley Financial Inc. grew its holdings in TransAct Technologies by 45.6% during the 1st quarter. B. Riley Financial Inc. now owns 59,437 shares of the technology company’s stock worth $481,000 after acquiring an additional 18,606 shares during the period. 38.22% of the stock is owned by institutional investors.
Several equities analysts have weighed in on TACT shares. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report 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 report on Monday, August 7th. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research report 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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