TransAct Technologies Inc. (TACT) Shares Gap Up to $7.55
TransAct Technologies Inc. (NASDAQ:TACT) shares gapped up before the market opened on Friday . The stock had previously closed at $7.54, but opened at $7.55. TransAct Technologies shares last traded at $7.56, with a volume of 14,603 shares traded.
TACT has been the topic of a number of recent research reports. Zacks Investment Research cut TransAct Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. TheStreet upgraded TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, May 5th. Finally, B. Riley restated a “buy” rating and set a $12.00 price objective on shares of TransAct Technologies in a research note on Friday, April 29th.
The firm has a market cap of $58.06 million and a price-to-earnings ratio of 16.84. The company has a 50-day moving average of $7.80 and a 200-day moving average of $7.76.
TransAct Technologies (NASDAQ:TACT) last announced its earnings results on Thursday, August 4th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. The business had revenue of $14.80 million for the quarter, compared to the consensus estimate of $14.89 million. On average, equities analysts forecast that TransAct Technologies Inc. will post $0.48 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Wednesday, August 17th.
In other news, Director John Dillon bought 5,000 shares of the business’s stock in a transaction on Wednesday, June 15th. The shares were bought at an average cost of $7.02 per share, with a total value of $35,100.00. Following the purchase, the director now directly owns 10,000 shares in the company, valued at $70,200. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Andrew Newmark bought 10,000 shares of the business’s stock in a transaction on Tuesday, May 17th. The shares were purchased at an average cost of $7.88 per share, for a total transaction of $78,800.00. Following the completion of the purchase, the executive vice president now owns 34,890 shares in the company, valued at $274,933.20. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in TransAct Technologies stock. Dimensional Fund Advisors LP increased its position in TransAct Technologies Inc. (NASDAQ:TACT) by 7.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.
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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