TransAct Technologies Incorporated (TACT) Director Sells $184,628.70 in Stock

TransAct Technologies Incorporated (NASDAQ:TACT) Director Graham Y. Tanaka sold 17,385 shares of TransAct Technologies stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $10.62, for a total value of $184,628.70. Following the sale, the director now owns 131,971 shares of the company’s stock, valued at approximately $1,401,532.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of TACT traded up $0.11 during trading hours on Monday, reaching $10.46. 17,700 shares of the company’s stock traded hands, compared to its average volume of 23,065. The company has a market cap of $77.31 million, a PE ratio of 17.43 and a beta of 0.67. TransAct Technologies Incorporated has a 12 month low of $10.11 and a 12 month high of $15.95.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. The firm had revenue of $15.84 million during the quarter, compared to the consensus estimate of $15.49 million. TransAct Technologies had a return on equity of 21.01% and a net margin of 7.23%. On average, equities research analysts expect that TransAct Technologies Incorporated will post 0.71 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend 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 (DPR) is presently 60.00%.

A number of brokerages have recently issued reports on TACT. B. Riley lifted their price target on TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Zacks Investment Research downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, ValuEngine downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 7th.

Institutional investors and hedge funds have recently modified their holdings of the company. Manatuck Hill Partners LLC bought a new stake in shares of TransAct Technologies during the 2nd quarter valued at about $246,000. Acadian Asset Management LLC boosted its position in shares of TransAct Technologies by 23.8% during the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock valued at $920,000 after acquiring an additional 14,156 shares during the last quarter. Cadence Capital Management LLC boosted its position in shares of TransAct Technologies by 20.4% during the 2nd quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock valued at $1,867,000 after acquiring an additional 25,330 shares during the last quarter. Cowen Prime Services LLC boosted its position in shares of TransAct Technologies by 5.4% during the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock valued at $2,041,000 after acquiring an additional 8,299 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of TransAct Technologies by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock valued at $3,689,000 after acquiring an additional 7,428 shares during the last quarter. Hedge funds and other institutional investors own 41.19% of the company’s stock.

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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.

Further Reading: Why is the ex-dividend date different from the record date?

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

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