TransAct Technologies Inc. (TACT) Trading 2.3% Higher
Shares of TransAct Technologies Inc. (NASDAQ:TACT) traded up 2.3% on Wednesday . The company traded as high as $7.77 and last traded at $7.72, with a volume of 53,568 shares changing hands. The stock had previously closed at $7.55.
A number of analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and set a $11.00 target price on shares of TransAct Technologies in a research report on Tuesday, August 9th. Zacks Investment Research cut TransAct Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 6th. Finally, TheStreet raised TransAct Technologies from a “hold” rating to a “buy” rating in a report on Thursday, May 5th.
The company has a 50-day moving average price of $7.75 and a 200-day moving average price of $7.76. The firm has a market capitalization of $58.33 million and a P/E ratio of 21.14.
TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm earned $14.80 million during the quarter, compared to analysts’ expectations of $14.89 million. Equities analysts expect that TransAct Technologies Inc. will post $0.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, August 19th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.32 annualized dividend and a dividend yield of 4.14%.
In related news, Director John Dillon acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The shares were purchased at an average price of $7.02 per share, for a total transaction of $35,100.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at $70,200. The purchase was disclosed in a filing with the SEC, which is available at this link.
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 filing with the SEC. The institutional investor owned 237,474 shares of the company’s stock after buying an additional 17,352 shares during the period. Dimensional Fund Advisors LP owned about 3.06% of TransAct Technologies worth $2,038,000 as of its most recent filing with the SEC.
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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