TransAct Technologies Incorporated (TACT) to Issue $0.09 Quarterly Dividend
TransAct Technologies Incorporated (NASDAQ:TACT) declared a quarterly dividend on Thursday, October 26th, Zacks reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.09 per share by the technology company on Friday, December 15th. This represents a $0.36 annualized dividend and a yield of 2.79%. The ex-dividend date is Friday, November 17th.
Shares of TransAct Technologies (TACT) opened at $12.90 on Friday. The company has a market capitalization of $95.02, a P/E ratio of 19.25 and a beta of 0.75. TransAct Technologies has a 52 week low of $5.89 and a 52 week high of $14.15.
TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to the consensus estimate of $14.58 million. TransAct Technologies had a return on equity of 20.31% and a net margin of 8.78%. analysts anticipate that TransAct Technologies will post 0.62 EPS for the current fiscal year.
Several analysts have recently commented on TACT shares. B. Riley reissued a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research note on Monday, August 7th. ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.
In related news, SVP Andrew John Hoffman sold 30,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.01, for a total transaction of $390,300.00. Following the completion of the sale, the senior vice president now directly owns 14,791 shares of the company’s stock, valued at $192,430.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven A. Demartino sold 20,752 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $13.03, for a total value of $270,398.56. Following the sale, the chief financial officer now directly owns 60,588 shares of the company’s stock, valued at $789,461.64. The disclosure for this sale can be found here. Insiders have sold 100,062 shares of company stock valued at $1,169,159 over the last ninety days. 11.57% of the stock is currently owned by company insiders.
A hedge fund recently raised its stake in TransAct Technologies stock. Northern Trust Corp lifted its holdings in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 7.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,419 shares of the technology company’s stock after acquiring an additional 1,730 shares during the quarter. Northern Trust Corp owned 0.36% of TransAct Technologies worth $223,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 37.24% of the company’s stock.
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.
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