Gabelli Funds LLC Grows Holdings in TransAct Technologies Incorporated (NASDAQ:TACT)

Gabelli Funds LLC raised its position in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 8.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 38,000 shares of the technology company’s stock after purchasing an additional 3,000 shares during the period. Gabelli Funds LLC’s holdings in TransAct Technologies were worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TACT. Bard Financial Services Inc. bought a new stake in shares of TransAct Technologies during the 1st quarter valued at $79,000. Connors Investor Services Inc. increased its stake in TransAct Technologies by 56.5% in the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after buying an additional 9,999 shares in the last quarter. Bard Associates Inc. raised its holdings in TransAct Technologies by 1.1% during the fourth quarter. Bard Associates Inc. now owns 155,975 shares of the technology company’s stock valued at $1,089,000 after acquiring an additional 1,750 shares during the period. Vanguard Group Inc. lifted its position in shares of TransAct Technologies by 0.9% in the first quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 3,821 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its stake in shares of TransAct Technologies by 0.7% in the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after acquiring an additional 3,000 shares during the period. 74.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on TransAct Technologies in a research note on Tuesday. They set a “buy” rating on the stock.

TransAct Technologies Stock Performance

Shares of NASDAQ:TACT opened at $4.76 on Friday. The firm has a market cap of $47.60 million, a price-to-earnings ratio of 79.33 and a beta of 1.73. The firm has a fifty day moving average price of $4.26 and a 200 day moving average price of $4.28. TransAct Technologies Incorporated has a fifty-two week low of $3.32 and a fifty-two week high of $7.97.

TransAct Technologies (NASDAQ:TACT) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.14. TransAct Technologies had a negative return on equity of 1.31% and a negative net margin of 0.97%. The firm had revenue of $11.60 million during the quarter, compared to analyst estimates of $10.25 million. During the same quarter last year, the business posted $0.22 earnings per share. As a group, research analysts predict that TransAct Technologies Incorporated will post -0.26 earnings per share for the current year.

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.