TransAct Technologies (NASDAQ:TACT) CEO John Dillon Acquires 70,902 Shares of Stock

TransAct Technologies Incorporated (NASDAQ:TACT) CEO John Dillon acquired 70,902 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average cost of $3.49 per share, with a total value of $247,447.98. Following the completion of the acquisition, the chief executive officer directly owned 100,000 shares in the company, valued at approximately $349,000. This represents a 243.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

TransAct Technologies Price Performance

Shares of TransAct Technologies stock opened at $3.31 on Wednesday. TransAct Technologies Incorporated has a 1-year low of $3.06 and a 1-year high of $5.70. The business’s fifty day moving average price is $3.65 and its two-hundred day moving average price is $4.24. The company has a market capitalization of $33.89 million, a P/E ratio of -27.58 and a beta of 1.30.

TransAct Technologies (NASDAQ:TACT) last released 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). The business 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%. On average, research analysts expect that TransAct Technologies Incorporated will post -0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TransAct Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in shares of TransAct Technologies by 4.3% in the 4th 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 period. Goldman Sachs Group Inc. raised its holdings in TransAct Technologies by 33.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 20,464 shares of the technology company’s stock worth $82,000 after buying an additional 5,100 shares during the period. Coldstream Capital Management Inc. acquired a new stake in TransAct Technologies during the 3rd quarter worth about $58,000. Renaissance Technologies LLC lifted its stake in 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 buying an additional 18,122 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in TransAct Technologies during the third quarter valued at about $151,000. 74.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

TACT has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of TransAct Technologies in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of TransAct Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Zacks Research lowered shares of TransAct Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.00.

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.