TransAct Technologies (NASDAQ:TACT) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.

Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a research report on Friday, November 9th. B. Riley increased their price objective on TransAct Technologies from $16.00 to $16.50 and gave the company a “buy” rating in a research report on Wednesday, November 7th.

Shares of TransAct Technologies stock opened at $11.33 on Friday. TransAct Technologies has a 12-month low of $10.41 and a 12-month high of $15.95. The company has a market cap of $88.01 million, a price-to-earnings ratio of 18.88 and a beta of 0.67.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.09. TransAct Technologies had a return on equity of 21.01% and a net margin of 7.23%. The company had revenue of $15.84 million during the quarter, compared to analysts’ expectations of $15.49 million. On average, equities analysts forecast that TransAct Technologies will post 0.71 EPS for the current fiscal year.

In other news, Chairman Bart C. Shuldman sold 3,462 shares of the stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $14.40, for a total value of $49,852.80. Following the completion of the sale, the chairman now directly owns 19,854 shares of the company’s stock, valued at $285,897.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Graham Y. Tanaka sold 15,768 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $11.49, for a total value of $181,174.32. Following the completion of the sale, the director now directly owns 163,152 shares of the company’s stock, valued at $1,874,616.48. The disclosure for this sale can be found here. Insiders sold 37,465 shares of company stock valued at $457,413 over the last three months. 12.53% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of TransAct Technologies by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 295,092 shares of the technology company’s stock valued at $3,689,000 after acquiring an additional 7,428 shares during the period. Cowen Prime Services LLC lifted its position in TransAct Technologies by 5.4% in the second quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock worth $2,041,000 after purchasing an additional 8,299 shares during the period. Renaissance Technologies LLC lifted its position in TransAct Technologies by 3.2% in the third quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock worth $5,782,000 after purchasing an additional 12,400 shares during the period. Acadian Asset Management LLC lifted its position in TransAct Technologies by 23.8% in the second quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock worth $920,000 after purchasing an additional 14,156 shares during the period. Finally, Manatuck Hill Partners LLC bought a new position in TransAct Technologies in the second quarter worth $246,000. 41.57% of the stock is owned by institutional investors.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

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