TransAct Technologies Incorporated (TACT) Shares Sold by Cowen Prime Services LLC
Cowen Prime Services LLC lowered its position in TransAct Technologies Incorporated (NASDAQ:TACT) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,992 shares of the technology company’s stock after selling 10,102 shares during the period. Cowen Prime Services LLC owned about 2.10% of TransAct Technologies worth $1,301,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in shares of TransAct Technologies by 1.1% in the first quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock valued at $3,170,000 after buying an additional 4,370 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of TransAct Technologies during the second quarter valued at about $782,000. B. Riley Financial Inc. increased its stake in shares of TransAct Technologies by 45.6% in the first quarter. B. Riley Financial Inc. now owns 59,437 shares of the technology company’s stock valued at $481,000 after buying an additional 18,606 shares during the period. Algert Global LLC increased its stake in shares of TransAct Technologies by 10.0% in the second quarter. Algert Global LLC now owns 41,354 shares of the technology company’s stock valued at $349,000 after buying an additional 3,765 shares during the period. Finally, LSV Asset Management increased its stake in shares of TransAct Technologies by 13.3% in the first quarter. LSV Asset Management now owns 32,530 shares of the technology company’s stock valued at $263,000 after buying an additional 3,830 shares during the period. 37.78% of the stock is currently owned by hedge funds and other institutional investors.
TransAct Technologies Incorporated (TACT) opened at 10.10 on Friday. The company’s 50 day moving average is $9.28 and its 200 day moving average is $8.45. TransAct Technologies Incorporated has a 52 week low of $5.90 and a 52 week high of $10.50. The stock has a market cap of $74.37 million, a P/E ratio of 18.98 and a beta of 0.74.
TransAct Technologies (NASDAQ:TACT) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. The company had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $14.35 million. TransAct Technologies had a return on equity of 16.68% and a net margin of 7.27%. Equities analysts predict that TransAct Technologies Incorporated will post $0.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Monday, August 21st will be paid a $0.09 dividend. The ex-dividend date is Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.56%. TransAct Technologies’s dividend payout ratio (DPR) is presently 65.45%.
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TACT has been the topic of several recent research reports. ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday. Finally, B. Riley reaffirmed a “buy” rating and issued a $11.00 price target on shares of TransAct Technologies in a report on Monday, August 7th.
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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