Graham Y. Tanaka Sells 23,228 Shares of TransAct Technologies Incorporated (TACT) Stock

TransAct Technologies Incorporated (NASDAQ:TACT) Director Graham Y. Tanaka sold 23,228 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $10.48, for a total transaction of $243,429.44. Following the completion of the transaction, the director now directly owns 100,959 shares in the company, valued at $1,058,050.32. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of TACT stock traded up $0.29 during trading on Monday, hitting $10.59. 28,800 shares of the stock traded hands, compared to its average volume of 23,194. The firm has a market cap of $76.13 million, a PE ratio of 17.35 and a beta of 0.66. TransAct Technologies Incorporated has a 52-week low of $10.11 and a 52-week high of $15.95.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.09. TransAct Technologies had a net margin of 7.23% and a return on equity of 21.01%. The firm had revenue of $15.84 million for the quarter, compared to analyst estimates of $15.49 million. On average, sell-side analysts forecast that TransAct Technologies Incorporated will post 0.71 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, November 20th will be issued a $0.09 dividend. The ex-dividend date is Monday, November 19th. This represents a $0.36 annualized dividend and a yield of 3.40%. TransAct Technologies’s dividend payout ratio (DPR) is presently 60.00%.

A number of institutional investors have recently bought and sold shares of TACT. Manatuck Hill Partners LLC increased its holdings in TransAct Technologies by 158.8% in the 3rd quarter. Manatuck Hill Partners LLC now owns 50,853 shares of the technology company’s stock valued at $732,000 after purchasing an additional 31,200 shares during the last quarter. Cadence Capital Management LLC increased its holdings in TransAct Technologies by 20.4% in the 2nd quarter. Cadence Capital Management LLC now owns 149,350 shares of the technology company’s stock valued at $1,867,000 after purchasing an additional 25,330 shares during the last quarter. Acadian Asset Management LLC increased its holdings in TransAct Technologies by 23.8% in the 2nd quarter. Acadian Asset Management LLC now owns 73,585 shares of the technology company’s stock valued at $920,000 after purchasing an additional 14,156 shares during the last quarter. Renaissance Technologies LLC increased its holdings in TransAct Technologies by 3.2% in the 3rd quarter. Renaissance Technologies LLC now owns 401,500 shares of the technology company’s stock valued at $5,782,000 after purchasing an additional 12,400 shares during the last quarter. Finally, Cowen Prime Services LLC increased its holdings in TransAct Technologies by 5.4% in the 2nd quarter. Cowen Prime Services LLC now owns 163,291 shares of the technology company’s stock valued at $2,041,000 after purchasing an additional 8,299 shares during the last quarter. Hedge funds and other institutional investors own 41.06% of the company’s stock.

TACT has been the topic of a number of research reports. B. Riley raised their target price on shares of TransAct Technologies from $16.00 to $16.50 and gave the stock a “buy” rating in a research note on Wednesday, November 7th. ValuEngine lowered shares of TransAct Technologies from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Finally, Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research report on Friday, November 9th.

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About TransAct Technologies

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data.

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