Dimensional Fund Advisors LP Lowers Stock Position in TransAct Technologies Incorporated (NASDAQ:TACT)

Dimensional Fund Advisors LP decreased its holdings in shares of TransAct Technologies Incorporated (NASDAQ:TACT) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 360,881 shares of the technology company’s stock after selling 6,017 shares during the period. Dimensional Fund Advisors LP’s holdings in TransAct Technologies were worth $1,361,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TACT. Silverberg Bernstein Capital Management LLC grew its holdings in 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 valued at $1,555,000 after purchasing an additional 3,000 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of TransAct Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 408,192 shares of the technology company’s stock worth $2,139,000 after buying an additional 3,821 shares in the last quarter. Finally, Bard Financial Services Inc. acquired a new stake in TransAct Technologies in the 1st quarter valued at about $79,000. 74.46% of the stock is owned by hedge funds and other institutional investors.

TransAct Technologies Stock Up 3.5 %

Shares of NASDAQ:TACT opened at $4.47 on Friday. The company has a market capitalization of $44.68 million, a P/E ratio of 74.50 and a beta of 1.73. TransAct Technologies Incorporated has a 52-week low of $3.32 and a 52-week high of $7.97. The stock’s fifty day simple moving average is $4.36 and its 200-day simple moving average is $4.20.

TransAct Technologies (NASDAQ:TACT) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.14. The company had revenue of $11.60 million for the quarter, compared to analysts’ expectations of $10.25 million. TransAct Technologies had a negative net margin of 0.97% and a negative return on equity of 1.31%. During the same period last year, the company earned $0.22 EPS. On average, sell-side analysts anticipate that TransAct Technologies Incorporated will post -0.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of TransAct Technologies in a research report on Thursday. They issued a “hold” rating on the stock.

TransAct Technologies Company Profile

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.