TransAct Technologies Inc. (TACT) Shares Gap Up to $7.55
Shares of TransAct Technologies Inc. (NASDAQ:TACT) gapped up prior to trading 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 trading hands.
A number of research firms have issued reports on TACT. B. Riley reiterated a “buy” rating and issued a $11.00 target price on shares of TransAct Technologies in a research note on Tuesday, August 9th. 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 raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, May 5th.
The company’s 50-day moving average price is $7.80 and its 200-day moving average price is $7.76. The stock has a market cap of $58.28 million and a P/E ratio of 20.49.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The firm earned $14.80 million during the quarter, compared to the consensus estimate of $14.89 million. On average, equities research analysts forecast that TransAct Technologies Inc. will post $0.47 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, August 19th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.32 dividend on an annualized basis and a yield of 4.22%.
In other TransAct Technologies news, Director John Dillon bought 5,000 shares of the stock in a transaction that occurred on Wednesday, June 15th. The stock was acquired at an average cost of $7.02 per share, with a total value of $35,100.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $70,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Newmark bought 10,000 shares of the stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average cost of $7.88 per share, with a total value of $78,800.00. Following the completion of the purchase, the executive vice president now owns 34,890 shares in the company, valued at approximately $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 raised its position in TransAct Technologies Inc. (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 quarter.
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.