TransAct Technologies Incorporated (TACT) Shares Up 2.3%
TransAct Technologies Incorporated (NASDAQ:TACT) shot up 2.3% during trading on Wednesday . The company traded as high as $7.77 and last traded at $7.72, with a volume of 53,568 shares traded. The stock had previously closed at $7.55.
A number of research firms have commented on TACT. B. Riley reaffirmed a “buy” rating and issued a $12.00 target price on shares of TransAct Technologies in a research report on Wednesday, May 4th. Zacks Investment Research cut shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, TheStreet upgraded shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th.
The firm has a market cap of $58.25 million and a price-to-earnings ratio of 21.11. The firm has a 50-day moving average of $7.76 and a 200 day moving average of $7.77.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.01. The firm had revenue of $14.80 million for the quarter, compared to analysts’ expectations of $14.89 million. On average, equities analysts forecast that TransAct Technologies Incorporated will post $0.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, August 19th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.32 dividend on an annualized basis and a yield of 4.10%.
In other news, Director John Dillon bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was bought at an average price of $7.02 per share, with a total value of $35,100.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $70,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
An institutional investor recently raised its position in TransAct Technologies stock. Dimensional Fund Advisors LP boosted its position in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 237,474 shares of the company’s stock after buying an additional 17,352 shares during the period. Dimensional Fund Advisors LP owned approximately 3.06% of TransAct Technologies worth $2,038,000 at the end of the most recent reporting period.
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.