B. Riley Financial Inc. increased its stake in TransAct Technologies Incorporated (NASDAQ:TACT – Get Rating) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,112,633 shares of the technology company's stock after acquiring an additional 110,493 shares during the period. TransAct Technologies comprises about 1.5% of B. Riley Financial Inc.'s holdings, making the stock its 12th largest holding. B. Riley Financial Inc. owned approximately 11.23% of TransAct Technologies worth $7,032,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Morgan Dempsey Capital Management LLC bought a new position in TransAct Technologies during the 4th quarter valued at approximately $341,000. Cowen Prime Advisors LLC raised its position in TransAct Technologies by 170.8% during the 4th quarter. Cowen Prime Advisors LLC now owns 410,675 shares of the technology company's stock valued at $2,595,000 after purchasing an additional 259,042 shares during the last quarter. Kestra Private Wealth Services LLC raised its position in TransAct Technologies by 19.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,574 shares of the technology company's stock valued at $98,000 after purchasing an additional 2,500 shares during the last quarter. Vanguard Group Inc. raised its position in TransAct Technologies by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 402,171 shares of the technology company's stock valued at $1,467,000 after purchasing an additional 20,800 shares during the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in TransAct Technologies during the 3rd quarter valued at approximately $324,000. Institutional investors own 50.91% of the company's stock.
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Shares of NASDAQ:TACT opened at $5.67 on Thursday. TransAct Technologies Incorporated has a 52-week low of $3.60 and a 52-week high of $8.50. The firm has a market capitalization of $56.42 million, a P/E ratio of -9.95 and a beta of 1.81. The stock has a 50 day moving average price of $6.44 and a 200-day moving average price of $6.20.
TransAct Technologies (NASDAQ:TACT – Get Rating) last posted its quarterly earnings results on Wednesday, March 8th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.06. The company had revenue of $17.96 million for the quarter, compared to the consensus estimate of $15.90 million. TransAct Technologies had a negative return on equity of 16.60% and a negative net margin of 9.63%. On average, equities analysts forecast that TransAct Technologies Incorporated will post 0.13 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on TransAct Technologies in a research report on Thursday, April 27th. They set a "hold" rating for the company.
About TransAct Technologies
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TransAct Technologies, Inc engages in the operation of a software-driven technology and printing solutions company. The company was founded in June 1996 and is headquartered in Hamden, CT.
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