Insider Selling: TransAct Technologies Incorporated (NASDAQ:TACT) SVP Sells 14,250 Shares of Stock

TransAct Technologies Incorporated (NASDAQ:TACT) 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 transaction of $199,785.00. Following the sale, the senior vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $42,060. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of TransAct Technologies Incorporated (NASDAQ TACT) traded down $0.05 during trading hours on Wednesday, hitting $13.25. 19,576 shares of the stock were exchanged, compared to its average volume of 17,380. The firm has a market cap of $93.18, a price-to-earnings ratio of 18.88 and a beta of 0.92. TransAct Technologies Incorporated has a 12 month low of $6.10 and a 12 month high of $15.55.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.12 by $0.12. TransAct Technologies had a net margin of 8.78% and a return on equity of 19.99%. The business had revenue of $15.52 million during the quarter, compared to analyst estimates of $14.58 million. sell-side analysts expect that TransAct Technologies Incorporated will post 0.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, November 20th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $0.36 annualized dividend and a dividend yield of 2.72%. TransAct Technologies’s dividend payout ratio (DPR) is presently 53.73%.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Saturday, August 26th. ValuEngine upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, November 2nd. Finally, B. Riley restated a “buy” rating and issued a $11.00 target price on shares of TransAct Technologies in a research report on Friday, October 27th.

Several large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in shares of TransAct Technologies by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after acquiring an additional 4,370 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of TransAct Technologies by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 243,683 shares of the technology company’s stock valued at $2,376,000 after acquiring an additional 5,607 shares in the last quarter. B. Riley Financial Inc. lifted its position in shares of TransAct Technologies by 80.3% in the 3rd quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock valued at $1,305,000 after acquiring an additional 58,793 shares in the last quarter. Algert Global LLC lifted its position in shares of TransAct Technologies by 30.3% in the 3rd quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock valued at $525,000 after acquiring an additional 12,529 shares in the last quarter. Finally, LSV Asset Management increased its stake in TransAct Technologies by 55.5% in 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 during the period. Institutional investors and hedge funds own 38.27% of the company’s stock.

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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.

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

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