StockNews.com Initiates Coverage on TransAct Technologies (NASDAQ:TACT)

Stock analysts at StockNews.com assumed coverage on shares of TransAct Technologies (NASDAQ:TACT) in a note issued to investors on Monday. The firm set a “hold” rating on the technology company’s stock.

TransAct Technologies Price Performance

TACT opened at $4.10 on Monday. The business has a fifty day moving average price of $4.32 and a 200 day moving average price of $4.31. TransAct Technologies has a 12 month low of $3.32 and a 12 month high of $7.25. The stock has a market capitalization of $41.04 million, a price-to-earnings ratio of -20.50 and a beta of 1.73.

Institutional Investors Weigh In On TransAct Technologies

A number of large investors have recently modified their holdings of TACT. Northern Trust Corp grew its stake in shares of TransAct Technologies by 33.8% during the fourth quarter. Northern Trust Corp now owns 52,956 shares of the technology company’s stock worth $217,000 after purchasing an additional 13,386 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in TransAct Technologies by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 350,528 shares of the technology company’s stock worth $1,434,000 after buying an additional 8,015 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of TransAct Technologies by 3.6% during the 4th quarter. Gamco Investors INC. ET AL now owns 145,000 shares of the technology company’s stock worth $593,000 after acquiring an additional 5,000 shares in the last quarter. Quinn Opportunity Partners LLC purchased a new position in shares of TransAct Technologies in the 4th quarter valued at about $156,000. Finally, Essex Investment Management Co. LLC raised its position in shares of TransAct Technologies by 20.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 43,841 shares of the technology company’s stock worth $179,000 after acquiring an additional 7,402 shares in the last quarter. 74.46% of the stock is owned by hedge funds and other institutional investors.

About TransAct Technologies

TransAct Technologies Incorporated designs, develops, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal printers and terminals to generate labels, coupons, and transaction records, such as receipts, tickets, and other documents.