Key Points
- CEO John Dillon bought a total of 100,000 shares in mid‑March (29,098 shares on March 13 at $3.56 and 70,902 shares on March 16 at $3.49), spending about $351,036.86 in aggregate.
- TransAct is a small cap (~$33.9M) with weak recent results—Q (quarter) EPS of -$0.11 missed estimates, negative margins and ROE—and carries an average analyst rating of "Hold" with a $5.00 average target.
TransAct Technologies Incorporated (NASDAQ:TACT - Get Free Report) CEO John Dillon acquired 29,098 shares of the stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of $3.56 per share, for a total transaction of $103,588.88. Following the completion of the transaction, the chief executive officer owned 29,098 shares of the company's stock, valued at $103,588.88. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
John Dillon also recently made the following trade(s):
- On Monday, March 16th, John Dillon bought 70,902 shares of TransAct Technologies stock. The stock was purchased at an average price of $3.49 per share, with a total value of $247,447.98.
TransAct Technologies Price Performance
Shares of TACT stock opened at $3.31 on Wednesday. TransAct Technologies Incorporated has a one year low of $3.06 and a one year high of $5.70. The stock has a fifty day moving average price of $3.65 and a 200 day moving average price of $4.24. The stock has a market cap of $33.89 million, a P/E ratio of -27.58 and a beta of 1.30.
TransAct Technologies (NASDAQ:TACT - Get Free Report) last announced its quarterly earnings results on Tuesday, March 10th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.03). TransAct Technologies had a negative net margin of 2.41% and a negative return on equity of 3.96%. The business had revenue of $11.45 million during the quarter, compared to the consensus estimate of $11.35 million. Equities research analysts anticipate that TransAct Technologies Incorporated will post -0.3 EPS for the current year.
Institutional Investors Weigh In On TransAct Technologies
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Silverberg Bernstein Capital Management LLC raised its stake in shares of TransAct Technologies by 8.2% in the third quarter. Silverberg Bernstein Capital Management LLC now owns 588,790 shares of the technology company's stock worth $3,191,000 after acquiring an additional 44,531 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of TransAct Technologies by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 417,437 shares of the technology company's stock valued at $1,670,000 after purchasing an additional 18,122 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of TransAct Technologies by 4.3% during the fourth quarter. Geode Capital Management LLC now owns 115,552 shares of the technology company's stock valued at $462,000 after purchasing an additional 4,742 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of TransAct Technologies by 66.1% in the fourth quarter. NewEdge Advisors LLC now owns 88,782 shares of the technology company's stock valued at $355,000 after purchasing an additional 35,322 shares in the last quarter. Finally, Heron Bay Capital Management bought a new position in TransAct Technologies in the 4th quarter worth approximately $236,000. Institutional investors and hedge funds own 74.46% of the company's stock.
Wall Street Analysts Forecast Growth
TACT has been the topic of a number of analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of TransAct Technologies in a research note on Thursday, January 22nd. Zacks Research cut shares of TransAct Technologies from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 6th. Finally, Wall Street Zen cut shares of TransAct Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, December 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $5.00.
View Our Latest Stock Analysis on TransAct Technologies
TransAct Technologies Company Profile
(
Get Free Report)
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.
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