TransAct Technologies (NASDAQ:TACT) CEO John Dillon Purchases 29,098 Shares

TransAct Technologies Incorporated (NASDAQ:TACT) CEO John Dillon bought 29,098 shares of TransAct Technologies stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average price of $3.56 per share, with a total value of $103,588.88. Following the completion of the acquisition, the chief executive officer owned 29,098 shares in the company, valued at approximately $103,588.88. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

John Dillon also recently made the following trade(s):

• On Monday, March 16th, John Dillon bought 70,902 shares of TransAct Technologies stock. The shares were bought at an average cost of $3.49 per share, with a total value of $247,447.98.

TransAct Technologies Stock Down 2.1%

Shares of TACT stock opened at $3.31 on Wednesday. TransAct Technologies Incorporated has a 12 month low of $3.06 and a 12 month high of $5.70. The company has a market cap of $33.89 million, a PE ratio of -27.58 and a beta of 1.30. The business’s 50 day moving average is $3.65 and its two-hundred day moving average is $4.24.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Tuesday, March 10th. The technology company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.03). The firm had revenue of $11.45 million during the quarter, compared to analyst estimates of $11.35 million. TransAct Technologies had a negative return on equity of 3.96% and a negative net margin of 2.41%. As a group, equities analysts expect that TransAct Technologies Incorporated will post -0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Zacks Research lowered shares of TransAct Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TransAct Technologies in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its position in shares of TransAct Technologies by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 115,552 shares of the technology company’s stock valued at $462,000 after buying an additional 4,742 shares during the last quarter. Goldman Sachs Group Inc. grew its position in TransAct Technologies by 33.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock worth $82,000 after buying an additional 5,100 shares in the last quarter. Coldstream Capital Management Inc. acquired a new stake in TransAct Technologies during the third quarter worth about $58,000. Renaissance Technologies LLC increased its stake in TransAct Technologies by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 417,437 shares of the technology company’s stock valued at $1,670,000 after acquiring an additional 18,122 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in TransAct Technologies in the 3rd quarter valued at approximately $151,000. Institutional investors own 74.46% of the company’s stock.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.