Insider Selling: TransAct Technologies Incorporated (TACT) Director Sells 32,385 Shares of Stock

TransAct Technologies Incorporated (NASDAQ:TACT) Director Graham Y. Tanaka sold 32,385 shares of the firm’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $10.49, for a total transaction of $339,718.65. Following the sale, the director now owns 131,971 shares of the company’s stock, valued at $1,384,375.79. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of TACT stock traded up $0.11 during trading hours on Monday, reaching $10.46. The company had a trading volume of 17,700 shares, compared to its average volume of 23,065. TransAct Technologies Incorporated has a one year low of $10.11 and a one year high of $15.95. The firm has a market capitalization of $77.31 million, a PE ratio of 17.60 and a beta of 0.67.

TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. TransAct Technologies had a net margin of 7.23% and a return on equity of 21.01%. The firm had revenue of $15.84 million during the quarter, compared to analyst estimates of $15.49 million. Sell-side analysts forecast that TransAct Technologies Incorporated will post 0.71 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be paid a $0.09 dividend. The ex-dividend date is Monday, November 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.44%. TransAct Technologies’s dividend payout ratio is presently 60.00%.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of TransAct Technologies by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock worth $3,689,000 after acquiring an additional 7,428 shares during the period. Cowen Prime Services LLC grew its stake in shares of TransAct Technologies by 5.4% in the second quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock worth $2,041,000 after acquiring an additional 8,299 shares during the period. Renaissance Technologies LLC grew its stake in shares of TransAct Technologies by 3.2% in the third quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock worth $5,782,000 after acquiring an additional 12,400 shares during the period. Acadian Asset Management LLC grew its stake in shares of TransAct Technologies by 23.8% in the second quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock worth $920,000 after acquiring an additional 14,156 shares during the period. Finally, Manatuck Hill Partners LLC bought a new stake in shares of TransAct Technologies in the second quarter worth approximately $246,000. Hedge funds and other institutional investors own 41.19% of the company’s stock.

A number of analysts have weighed in on TACT shares. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research note on Friday, November 9th. ValuEngine lowered shares of TransAct Technologies from a “hold” rating to a “sell” rating in a research note on Friday, November 16th. Finally, B. Riley raised their price objective on shares of TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a research note on Wednesday, November 7th.

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About TransAct Technologies

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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