TransAct Technologies Incorporated (TACT) Announces Quarterly Earnings Results
TransAct Technologies Incorporated (NASDAQ:TACT) released its quarterly earnings results on Wednesday. The technology company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.12, Bloomberg Earnings reports. TransAct Technologies had a return on equity of 16.68% and a net margin of 7.27%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Friday, November 17th. TransAct Technologies’s dividend payout ratio is currently 65.45%.
In other TransAct Technologies news, CFO Steven A. Demartino sold 2,583 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $9.75, for a total transaction of $25,184.25. Following the sale, the chief financial officer now directly owns 47,419 shares of the company’s stock, valued at approximately $462,335.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Bart C. Shuldman sold 15,400 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $9.24, for a total transaction of $142,296.00. Following the sale, the chairman now directly owns 12,494 shares in the company, valued at $115,444.56. The disclosure for this sale can be found here. Insiders have sold a total of 37,360 shares of company stock valued at $352,752 in the last quarter. Insiders own 11.57% of the company’s stock.
A hedge fund recently raised its stake in TransAct Technologies stock. Northern Trust Corp raised its position in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 7.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,419 shares of the technology company’s stock after purchasing an additional 1,730 shares during the quarter. Northern Trust Corp owned 0.36% of TransAct Technologies worth $223,000 at the end of the most recent quarter. 37.24% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on the company. B. Riley reissued a “buy” rating and set a $11.00 price target on shares of TransAct Technologies in a research report on Friday, October 27th. Zacks Investment Research downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 4th.
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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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