TransAct Technologies Incorporated (NASDAQ:TACT) Chairman Bart C. Shuldman sold 1,499 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $9.64, for a total value of $14,450.36. Following the completion of the sale, the chairman now owns 12,514 shares in the company, valued at approximately $120,634.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TransAct Technologies Incorporated (TACT) remained flat at $9.50 during midday trading on Friday. The company had a trading volume of 4,081 shares. The firm’s 50-day moving average is $9.49 and its 200 day moving average is $8.61. TransAct Technologies Incorporated has a 1-year low of $5.89 and a 1-year high of $10.50. The company 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 announced its 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 return on equity of 16.68% and a net margin of 7.27%. The company had revenue of $13.60 million for the quarter, compared to the consensus estimate of $14.35 million. Equities research analysts forecast that TransAct Technologies Incorporated will post $0.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, August 21st will be paid a $0.09 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.36 annualized dividend and a dividend yield of 3.79%. TransAct Technologies’s dividend payout ratio (DPR) is currently 65.45%.

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Hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its stake in shares of TransAct Technologies by 7.0% in the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock valued at $223,000 after buying an additional 1,730 shares in the last quarter. Algert Global LLC boosted its stake in shares of TransAct Technologies by 10.0% in the second quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after buying an additional 3,765 shares in the last quarter. LSV Asset Management boosted its stake in shares of TransAct Technologies by 13.3% in the first quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock valued at $263,000 after buying an additional 3,830 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of TransAct Technologies by 1.1% in the first quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after buying an additional 4,370 shares in the last quarter. Finally, B. Riley Financial Inc. boosted its stake in shares of TransAct Technologies by 23.2% in the second quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock valued at $622,000 after buying an additional 13,817 shares in the last quarter. Institutional investors own 38.22% of the company’s stock.

Several equities research analysts have commented on the company. B. Riley restated a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Saturday, August 26th. Finally, ValuEngine upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 4th.

TransAct Technologies Company Profile

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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