TransAct Technologies Incorporated (NASDAQ:TACT) announced a quarterly dividend on Tuesday, February 6th, Wall Street Journal reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.09 per share by the technology company on Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Friday, February 16th.
TransAct Technologies (NASDAQ TACT) traded up $0.55 during trading hours on Tuesday, hitting $14.00. 28,396 shares of the stock traded hands, compared to its average volume of 47,088. TransAct Technologies has a twelve month low of $6.80 and a twelve month high of $15.80. The company has a market cap of $104.60, a price-to-earnings ratio of 20.07 and a beta of 0.93.
In other news, SVP Tracey S. Chernay sold 14,250 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $14.02, for a total value of $199,785.00. Following the completion of the sale, the senior vice president now owns 3,000 shares in the company, valued at approximately $42,060. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracey S. Chernay sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $13.70, for a total transaction of $41,100.00. Following the completion of the sale, the senior vice president now owns 3,000 shares of the company’s stock, valued at approximately $41,100. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,961 shares of company stock valued at $544,104. Company insiders own 13.22% of the company’s stock.
Several research firms have recently commented on TACT. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, January 31st. B. Riley restated a “buy” rating and issued a $17.00 price target (up previously from $13.00) on shares of TransAct Technologies in a report on Friday, January 26th. Finally, ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.
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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.
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