TransAct Technologies Incorporated (TACT) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC raised its stake in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 25.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,401 shares of the technology company’s stock after buying an additional 7,339 shares during the period. Wedge Capital Management L L P NC’s holdings in TransAct Technologies were worth $333,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan acquired a new position in TransAct Technologies during the 4th quarter valued at about $244,000. Deutsche Bank AG increased its stake in TransAct Technologies by 57.3% during the 4th quarter. Deutsche Bank AG now owns 28,463 shares of the technology company’s stock valued at $254,000 after buying an additional 10,363 shares during the period. Royce & Associates LP acquired a new position in TransAct Technologies during the 4th quarter valued at about $257,000. North Star Investment Management Corp. increased its stake in TransAct Technologies by 4.4% during the 1st quarter. North Star Investment Management Corp. now owns 118,100 shares of the technology company’s stock valued at $1,079,000 after buying an additional 5,000 shares during the period. Finally, Cowen Prime Services LLC increased its stake in TransAct Technologies by 39.1% during the 4th quarter. Cowen Prime Services LLC now owns 225,228 shares of the technology company’s stock valued at $2,023,000 after buying an additional 63,281 shares during the period. 40.17% of the stock is currently owned by hedge funds and other institutional investors.

In other TransAct Technologies news, Director John Dillon acquired 10,000 shares of TransAct Technologies stock in a transaction dated Monday, March 11th. The stock was bought at an average price of $8.81 per share, for a total transaction of $88,100.00. Following the transaction, the director now owns 23,075 shares in the company, valued at approximately $203,290.75. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Thomas R. Schwarz sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $9.17, for a total transaction of $27,510.00. The disclosure for this sale can be found here. Company insiders own 12.53% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of TransAct Technologies from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Saturday, January 19th. ValuEngine raised shares of TransAct Technologies from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, B. Riley set a $14.00 target price on shares of TransAct Technologies and gave the company a “buy” rating in a research note on Thursday, March 7th.

Shares of NASDAQ:TACT traded down $0.02 during trading hours on Friday, hitting $8.83. 122 shares of the company’s stock traded hands, compared to its average volume of 16,586. TransAct Technologies Incorporated has a 52 week low of $8.40 and a 52 week high of $15.95. The firm has a market cap of $66.52 million, a price-to-earnings ratio of 12.61 and a beta of 0.85.

TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. TransAct Technologies had a net margin of 10.19% and a return on equity of 20.55%. The company had revenue of $11.55 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, May 20th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, May 17th. This represents a $0.36 annualized dividend and a dividend yield of 4.08%. TransAct Technologies’s dividend payout ratio (DPR) is 51.43%.

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TransAct Technologies Profile

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

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Institutional Ownership by Quarter for TransAct Technologies (NASDAQ:TACT)

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