Nantahala Capital Management LLC cut its holdings in shares of TransAct Technologies Incorporated (NASDAQ:TACT – Free Report) by 15.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,123 shares of the technology company’s stock after selling 3,807 shares during the quarter. Nantahala Capital Management LLC owned 0.20% of TransAct Technologies worth $76,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the business. Bard Financial Services Inc. acquired a new stake in TransAct Technologies during the first quarter worth approximately $79,000. Connors Investor Services Inc. grew its holdings in shares of TransAct Technologies by 56.5% during the 2nd quarter. Connors Investor Services Inc. now owns 27,699 shares of the technology company’s stock worth $104,000 after purchasing an additional 9,999 shares in the last quarter. Vanguard Group Inc. raised its stake in 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 purchasing an additional 3,821 shares in the last quarter. Gabelli Funds LLC lifted its position in TransAct Technologies by 8.6% during the second quarter. Gabelli Funds LLC now owns 38,000 shares of the technology company’s stock worth $143,000 after purchasing an additional 3,000 shares during the period. Finally, Silverberg Bernstein Capital Management LLC grew its stake in TransAct Technologies by 0.7% during the second quarter. Silverberg Bernstein Capital Management LLC now owns 412,390 shares of the technology company’s stock worth $1,555,000 after buying an additional 3,000 shares in the last quarter. 74.46% of the stock is owned by institutional investors.
TransAct Technologies Stock Up 2.1 %
Shares of TACT stock opened at $4.86 on Tuesday. The business has a fifty day simple moving average of $4.28 and a 200 day simple moving average of $4.25. The company has a market cap of $48.60 million, a P/E ratio of 81.00 and a beta of 1.73. TransAct Technologies Incorporated has a twelve month low of $3.32 and a twelve month high of $7.97.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of TransAct Technologies in a research report on Tuesday, September 24th. They issued a “buy” rating for the company.
Read Our Latest Report on TACT
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.
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