TransAct Technologies Incorporated (TACT) SVP Tracey S. Chernay Sells 3,000 Shares
TransAct Technologies Incorporated (NASDAQ:TACT) SVP Tracey S. Chernay sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $13.70, for a total transaction of $41,100.00. Following the transaction, the senior vice president now directly owns 3,000 shares of the company’s stock, valued at $41,100. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of TransAct Technologies Incorporated (NASDAQ TACT) opened at $15.00 on Tuesday. The company has a market cap of $106.07, a P/E ratio of 21.49 and a beta of 0.75. TransAct Technologies Incorporated has a 12 month low of $6.00 and a 12 month high of $15.55.
TransAct Technologies (NASDAQ:TACT) last released its earnings results on Wednesday, November 1st. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The firm had revenue of $15.52 million during the quarter, compared to analysts’ expectations of $14.58 million. TransAct Technologies had a net margin of 8.78% and a return on equity of 19.99%. analysts predict that TransAct Technologies Incorporated will post 0.62 EPS for the current year.
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A number of brokerages have recently weighed in on TACT. B. Riley reissued a “buy” rating and set a $11.00 price objective on shares of TransAct Technologies in a research note on Wednesday, August 2nd. ValuEngine raised shares of TransAct Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research cut shares of TransAct Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.
A number of hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its stake in TransAct Technologies by 1.1% in the 1st quarter. Renaissance Technologies LLC now owns 391,371 shares of the technology company’s stock worth $3,170,000 after acquiring an additional 4,370 shares during the period. Dimensional Fund Advisors LP grew its stake in TransAct Technologies by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 243,683 shares of the technology company’s stock worth $2,376,000 after acquiring an additional 5,607 shares during the period. B. Riley Financial Inc. grew its stake in TransAct Technologies by 80.3% in the 3rd quarter. B. Riley Financial Inc. now owns 132,047 shares of the technology company’s stock worth $1,305,000 after acquiring an additional 58,793 shares during the period. Algert Global LLC grew its stake in TransAct Technologies by 30.3% in the 3rd quarter. Algert Global LLC now owns 53,883 shares of the technology company’s stock worth $525,000 after acquiring an additional 12,529 shares during the period. Finally, LSV Asset Management grew its stake in TransAct Technologies by 55.5% in the 2nd quarter. LSV Asset Management now owns 50,600 shares of the technology company’s stock worth $430,000 after acquiring an additional 18,070 shares during the period. 38.28% of the stock is owned by hedge funds and other institutional investors.
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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