TransAct Technologies Inc. (TACT) To Go Ex-Dividend on November 17th
TransAct Technologies Inc. (NASDAQ:TACT) declared a quarterly dividend on Monday, October 31st. Shareholders of record on Monday, November 21st will be paid a dividend of 0.08 per share on Thursday, December 15th. This represents a $0.32 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date of this dividend is Thursday, November 17th.
TransAct Technologies (NASDAQ:TACT) opened at 6.20 on Friday. TransAct Technologies has a one year low of $5.89 and a one year high of $9.44. The company has a market cap of $46.25 million, a PE ratio of 16.76 and a beta of 0.90. The firm has a 50-day moving average of $7.05 and a 200-day moving average of $7.49.
Several research firms recently issued reports on TACT. B. Riley reaffirmed a “buy” rating and issued a $11.00 price objective on shares of TransAct Technologies in a research note on Monday, October 31st. Zacks Investment Research lowered shares of TransAct Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, November 5th.
In related news, Chairman Bart C. Shuldman sold 6,000 shares of TransAct Technologies stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $7.33, for a total value of $43,980.00. Following the transaction, the chairman now owns 7,914 shares in the company, valued at approximately $58,009.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.57% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC increased its position in shares of TransAct Technologies by 462.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 15,406 shares of the company’s stock valued at $124,000 after buying an additional 12,667 shares during the period. Spark Investment Management LLC purchased a new position in shares of TransAct Technologies during the second quarter valued at approximately $163,000. Eagle Global Advisors LLC increased its position in shares of TransAct Technologies by 3.3% in the second quarter. Eagle Global Advisors LLC now owns 50,152 shares of the company’s stock valued at $402,000 after buying an additional 1,579 shares during the period. Dimensional Fund Advisors LP increased its position in shares of TransAct Technologies by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 239,839 shares of the company’s stock valued at $1,924,000 after buying an additional 2,365 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of TransAct Technologies by 0.7% in the second quarter. Vanguard Group Inc. now owns 337,144 shares of the company’s stock valued at $2,704,000 after buying an additional 2,351 shares during the period. Hedge funds and other institutional investors own 35.44% of the company’s stock.
TransAct Technologies Company Profile
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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