B. Riley restated their buy rating on shares of TransAct Technologies Incorporated (NASDAQ:TACT) in a research report report published on Friday, October 27th. The firm currently has a $11.00 price objective on the technology company’s stock.
“We model Q3 revenue of $14.6 million, adjusted EBITDA at $1.8 million and EPS at $0.12 (we are the only current estimates included in consensus). Management does not provide guidance and revenues can fluctuate due to large roll outs, installations, and project-based engagements, making quarterly projections particularly challenging. We expect commentary around contributions from higher margin products (restaurant, spare parts, labels, service, and casino bonusing products) to be a key focus for investors.”,” the firm’s analyst commented.
TACT has been the subject of a number of other reports. Zacks Investment Research upgraded TransAct Technologies from a hold rating to a buy rating and set a $11.00 price objective for the company in a report on Saturday, August 26th. ValuEngine upgraded TransAct Technologies from a hold rating to a buy rating in a report on Friday, August 4th.
TransAct Technologies (NASDAQ:TACT) traded down $0.10 on Friday, hitting $12.90. The stock had a trading volume of 35,700 shares, compared to its average volume of 15,556. TransAct Technologies has a 1 year low of $5.89 and a 1 year high of $14.15. The stock has a market cap of $94.26, a PE ratio of 19.40 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.12. TransAct Technologies had a return on equity of 20.31% and a net margin of 8.78%. The firm had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $14.58 million. equities analysts anticipate that TransAct Technologies will post 0.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, November 17th. TransAct Technologies’s dividend payout ratio is presently 54.55%.
In other TransAct Technologies news, CFO Steven A. Demartino sold 3,293 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $9.70, for a total value of $31,942.10. Following the completion of the sale, the chief financial officer now owns 47,419 shares in the company, valued at approximately $459,964.30. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Steven A. Demartino sold 2,583 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $9.75, for a total value of $25,184.25. Following the completion of the sale, the chief financial officer now owns 47,419 shares of the company’s stock, valued at approximately $462,335.25. The disclosure for this sale can be found here. Insiders have sold a total of 100,062 shares of company stock valued at $1,169,159 over the last 90 days. 11.57% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. B. Riley Financial Inc. raised its position in shares of TransAct Technologies by 23.2% in the 2nd 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. Algert Global LLC increased its position in TransAct Technologies by 10.0% during the 2nd quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after buying an additional 3,765 shares in the last quarter. North Star Investment Management Corp. bought a new position in TransAct Technologies during the 2nd quarter valued at approximately $782,000. Renaissance Technologies LLC increased its position in TransAct Technologies by 1.1% during the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after buying an additional 4,370 shares in the last quarter. Finally, LSV Asset Management increased its position in TransAct Technologies by 55.5% during the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after buying an additional 18,070 shares in the last quarter. 37.24% of the stock is owned by hedge funds and other institutional investors.
About TransAct Technologies
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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