Quinn Opportunity Partners LLC Increases Position in TransAct Technologies Incorporated $TACT

Quinn Opportunity Partners LLC increased its holdings in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 68.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 64,288 shares of the technology company’s stock after acquiring an additional 26,083 shares during the period. Quinn Opportunity Partners LLC owned about 0.64% of TransAct Technologies worth $235,000 at the end of the most recent quarter.

Separately, Silverberg Bernstein Capital Management LLC grew its holdings in shares of TransAct Technologies by 31.2% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 544,259 shares of the technology company’s stock worth $1,992,000 after purchasing an additional 129,289 shares during the last quarter. 74.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of TransAct Technologies in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TransAct Technologies currently has an average rating of “Hold” and an average target price of $5.00.

TransAct Technologies Trading Up 0.7%

TACT opened at $4.35 on Thursday. The firm has a market cap of $43.90 million, a price-to-earnings ratio of -5.06 and a beta of 1.24. TransAct Technologies Incorporated has a 12 month low of $3.12 and a 12 month high of $5.70. The stock has a fifty day moving average price of $4.85 and a 200-day moving average price of $4.15.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Monday, November 10th. The technology company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.03. TransAct Technologies had a negative net margin of 18.00% and a negative return on equity of 4.02%. The business had revenue of $13.18 million for the quarter, compared to analyst estimates of $13.10 million. TransAct Technologies has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that TransAct Technologies Incorporated will post -0.3 EPS for the current year.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.