B. Riley Financial Inc. Has $622,000 Stake in TransAct Technologies Incorporated (TACT)
B. Riley Financial Inc. lifted its stake in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 23.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,254 shares of the technology company’s stock after buying an additional 13,817 shares during the quarter. B. Riley Financial Inc. owned approximately 1.00% of TransAct Technologies worth $622,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC grew its position in shares of TransAct Technologies by 1.1% during the first quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock worth $3,170,000 after buying an additional 4,370 shares in the last quarter. North Star Investment Management Corp. acquired a new position in TransAct Technologies in the second quarter valued at approximately $782,000. LSV Asset Management boosted its holdings in TransAct Technologies by 55.5% in the second quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock valued at $430,000 after purchasing an additional 18,070 shares in the last quarter. Algert Global LLC boosted its holdings in 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 purchasing an additional 3,765 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in TransAct Technologies by 7.0% in the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock valued at $223,000 after purchasing an additional 1,730 shares in the last quarter. 37.23% of the stock is owned by institutional investors and hedge funds.
TACT has been the subject of a number of research analyst reports. ValuEngine downgraded TransAct Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. B. Riley reaffirmed a “buy” rating and issued a $11.00 price target on shares of TransAct Technologies in a report on Wednesday, August 2nd. Finally, Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Saturday, August 26th.
TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.06. TransAct Technologies had a return on equity of 16.68% and a net margin of 7.27%. The firm had revenue of $13.60 million during the quarter, compared to analyst estimates of $14.35 million.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Monday, August 21st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.36 dividend on an annualized basis and a yield of 3.67%. TransAct Technologies’s dividend payout ratio (DPR) is presently 65.45%.
In other TransAct Technologies news, Chairman Bart C. Shuldman sold 4,101 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $9.54, for a total transaction of $39,123.54. Following the completion of the sale, the chairman now owns 13,115 shares in the company, valued at approximately $125,117.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steven A. Demartino sold 2,583 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $9.75, for a total value of $25,184.25. Following the sale, the chief financial officer now owns 47,419 shares of the company’s stock, valued at approximately $462,335.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,360 shares of company stock valued at $352,752. 11.57% of the stock is owned by insiders.
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TransAct Technologies 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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