TransAct Technologies Incorporated (NASDAQ:TACT) Director Graham Y. Tanaka sold 2,095 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $13.39, for a total value of $28,052.05. Following the sale, the director now directly owns 194,153 shares of the company’s stock, valued at $2,599,708.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of TransAct Technologies Incorporated (NASDAQ:TACT) traded down $0.20 during midday trading on Thursday, hitting $13.30. The company had a trading volume of 28,442 shares, compared to its average volume of 17,771. TransAct Technologies Incorporated has a 52-week low of $6.40 and a 52-week high of $15.55. The firm has a market capitalization of $97.97, a P/E ratio of 20.08 and a beta of 0.91.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.58 million. TransAct Technologies had a return on equity of 19.99% and a net margin of 8.78%. equities analysts anticipate that TransAct Technologies Incorporated will post 0.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 20th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Friday, November 17th. TransAct Technologies’s payout ratio is 54.55%.

Several equities research analysts recently weighed in on the company. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a report on Saturday, November 4th. ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, November 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $11.00 price target on shares of TransAct Technologies in a report on Friday, October 27th.

Large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new position in TransAct Technologies in the third quarter worth $123,000. Northern Trust Corp raised its position in TransAct Technologies by 7.0% in the second 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 in the last quarter. LSV Asset Management raised its position in TransAct Technologies by 55.5% in the second quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock worth $430,000 after acquiring an additional 18,070 shares in the last quarter. Algert Global LLC raised its position in TransAct Technologies by 30.3% in the third quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock worth $525,000 after acquiring an additional 12,529 shares in the last quarter. Finally, B. Riley Financial Inc. raised its position in TransAct Technologies by 23.2% in the second quarter. B. Riley Financial Inc. now owns 73,254 shares of the technology company’s stock worth $622,000 after acquiring an additional 13,817 shares in the last quarter. Hedge funds and other institutional investors own 38.27% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for TransAct Technologies (NASDAQ:TACT)

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