TransAct Technologies Incorporated (NASDAQ:TACT) Director Thomas R. Schwarz Sells 12,500 Shares

TransAct Technologies Incorporated (NASDAQ:TACT) Director Thomas R. Schwarz sold 12,500 shares of TransAct Technologies stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $11.79, for a total value of $147,375.00. Following the transaction, the director now owns 59,859 shares in the company, valued at approximately $705,737.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:TACT traded up $0.35 on Friday, reaching $13.10. The company had a trading volume of 18,692 shares, compared to its average volume of 40,235. TransAct Technologies Incorporated has a twelve month low of $7.90 and a twelve month high of $15.80. The stock has a market capitalization of $97.05, a P/E ratio of 21.83 and a beta of 1.04.

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TransAct Technologies (NASDAQ:TACT) last posted its quarterly earnings data on Monday, March 5th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). TransAct Technologies had a return on equity of 17.83% and a net margin of 5.70%. The business had revenue of $13.19 million for the quarter, compared to analyst estimates of $14.84 million. equities analysts forecast that TransAct Technologies Incorporated will post 0.79 earnings per share for the current fiscal year.

TransAct Technologies declared that its board has authorized a stock repurchase program on Monday, March 5th that allows the company to buyback $5.00 million in shares. This buyback authorization allows the technology company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 20th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.36 annualized dividend and a dividend yield of 2.75%. TransAct Technologies’s dividend payout ratio is presently 60.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of TACT. Tower Research Capital LLC TRC bought a new position in TransAct Technologies during the fourth quarter valued at about $100,000. Macquarie Group Ltd. bought a new position in TransAct Technologies during the third quarter valued at about $123,000. Northern Trust Corp increased its stake in TransAct Technologies by 7.0% during the second quarter. Northern Trust Corp now owns 26,419 shares of the technology company’s stock valued at $223,000 after acquiring an additional 1,730 shares during the period. Spark Investment Management LLC increased its stake in TransAct Technologies by 32.9% during the fourth quarter. Spark Investment Management LLC now owns 20,600 shares of the technology company’s stock valued at $272,000 after acquiring an additional 5,100 shares during the period. Finally, Acadian Asset Management LLC increased its stake in TransAct Technologies by 732.9% during the fourth quarter. Acadian Asset Management LLC now owns 21,497 shares of the technology company’s stock valued at $284,000 after acquiring an additional 18,916 shares during the period. 39.18% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on TACT shares. B. Riley set a $17.00 price objective on TransAct Technologies and gave the company a “buy” rating in a research report on Friday, March 2nd. Zacks Investment Research raised TransAct Technologies from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Wednesday, January 31st. Finally, ValuEngine raised TransAct Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.

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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.

Insider Buying and Selling by Quarter for TransAct Technologies (NASDAQ:TACT)

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