TransAct Technologies Incorporated (TACT) Director Sells $27,510.00 in Stock
TransAct Technologies Incorporated (NASDAQ:TACT) Director Thomas R. Schwarz sold 3,000 shares of TransAct Technologies stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $9.17, for a total value of $27,510.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of TACT stock traded up $0.01 during trading on Thursday, reaching $8.93. 100 shares of the company’s stock were exchanged, compared to its average volume of 24,843. The firm has a market capitalization of $67.11 million, a PE ratio of 12.84 and a beta of 0.85. TransAct Technologies Incorporated has a twelve month low of $8.40 and a twelve month high of $15.95.
TransAct Technologies (NASDAQ:TACT) last posted its earnings results on Tuesday, May 7th. The technology company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $11.55 million for the quarter. TransAct Technologies had a return on equity of 20.79% and a net margin of 10.19%.
Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in shares of TransAct Technologies by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 423,000 shares of the technology company’s stock valued at $3,866,000 after acquiring an additional 4,800 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of TransAct Technologies by 6.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 316,606 shares of the technology company’s stock valued at $2,894,000 after acquiring an additional 20,071 shares during the last quarter. Cowen Prime Services LLC lifted its stake in shares of TransAct Technologies by 10.5% in the 1st quarter. Cowen Prime Services LLC now owns 248,979 shares of the technology company’s stock valued at $2,276,000 after acquiring an additional 23,751 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of TransAct Technologies by 4.4% in the 1st quarter. North Star Investment Management Corp. now owns 118,100 shares of the technology company’s stock valued at $1,079,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of TransAct Technologies by 25.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 36,401 shares of the technology company’s stock valued at $333,000 after acquiring an additional 7,339 shares during the last quarter. 40.17% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on TACT shares. B. Riley set a $14.00 price objective on TransAct Technologies and gave the company a “buy” rating in a report on Thursday, March 7th. ValuEngine lowered TransAct Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, March 19th. Finally, Zacks Investment Research lowered TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd.
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TransAct Technologies Company Profile
TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.
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