Insider Buying: TransAct Technologies (NASDAQ:TACT) CEO Acquires $247,447.98 in Stock

TransAct Technologies Incorporated (NASDAQ:TACT) CEO John Dillon purchased 70,902 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was bought at an average price of $3.49 per share, with a total value of $247,447.98. Following the purchase, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $349,000. The trade was a 243.67% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

John Dillon also recently made the following trade(s):

• On Friday, March 13th, John Dillon acquired 29,098 shares of TransAct Technologies stock. The shares were bought at an average price of $3.56 per share, for a total transaction of $103,588.88.

TransAct Technologies Price Performance

NASDAQ TACT opened at $3.31 on Friday. The company has a market capitalization of $33.89 million, a price-to-earnings ratio of -27.58 and a beta of 1.30. TransAct Technologies Incorporated has a 12 month low of $3.06 and a 12 month high of $5.70. The company’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $4.23.

TransAct Technologies (NASDAQ:TACT) last released its earnings results on Tuesday, March 10th. The technology company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.03). The company had revenue of $11.45 million during the quarter, compared to the consensus estimate of $11.35 million. TransAct Technologies had a negative return on equity of 3.96% and a negative net margin of 2.41%. As a group, analysts anticipate that TransAct Technologies Incorporated will post -0.3 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TACT. Weiss Ratings restated a “sell (d-)” rating on shares of TransAct Technologies in a research note on Thursday, January 22nd. Wall Street Zen lowered TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, Zacks Research downgraded TransAct Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.00.

Institutional Investors Weigh In On TransAct Technologies

Several institutional investors and hedge funds have recently bought and sold shares of TACT. Coldstream Capital Management Inc. bought a new position in TransAct Technologies in the third quarter worth about $58,000. Goldman Sachs Group Inc. grew its holdings in shares of TransAct Technologies by 33.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock valued at $82,000 after purchasing an additional 5,100 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of TransAct Technologies during the third quarter valued at approximately $151,000. Teton Advisors LLC acquired a new stake in shares of TransAct Technologies during the 3rd quarter worth approximately $176,000. Finally, Susquehanna International Group LLP bought a new stake in shares of TransAct Technologies in the 3rd quarter worth approximately $225,000. Institutional investors and hedge funds own 74.46% of the company’s stock.

TransAct Technologies Company Profile

TransAct Technologies Inc designs, manufactures and distributes secure card issuance systems and embedded transactional printing solutions for a variety of industries. The company’s portfolio includes high-speed card printers, card personalization and issuance software, as well as embedded printers used in kiosks, point-of-sale terminals, lottery machines and gaming applications. TransAct’s products are built to deliver reliable, on-demand printing and secure card encoding for markets that require rapid, accurate issuance of payment cards, identification badges and tickets.

Within its secure card solutions segment, TransAct offers turnkey systems that integrate card printing, magnetic stripe encoding, smart card personalization and instant card issuance software.