Insider Buying: Transcat, Inc. (TRNS) VP Acquires $13,530.00 in Stock
Transcat, Inc. (NASDAQ:TRNS) VP Robert A. Flack purchased 1,100 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were purchased at an average cost of $12.30 per share, for a total transaction of $13,530.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Transcat, Inc. (TRNS) traded down $0.28 on Thursday, hitting $12.28. The stock had a trading volume of 1,907 shares, compared to its average volume of 38,194. Transcat, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $15.15. The company has a quick ratio of 1.68, a current ratio of 2.24 and a debt-to-equity ratio of 0.61. The company has a market cap of $89.63, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.38.
Institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp grew its position in shares of Transcat by 9.5% during the 2nd quarter. Northern Trust Corp now owns 18,062 shares of the scientific and technical instruments company’s stock worth $220,000 after buying an additional 1,570 shares in the last quarter. QCI Asset Management Inc. NY grew its position in shares of Transcat by 10.0% during the 2nd quarter. QCI Asset Management Inc. NY now owns 24,587 shares of the scientific and technical instruments company’s stock worth $299,000 after buying an additional 2,226 shares in the last quarter. Quantum Capital Management bought a new position in shares of Transcat during the 3rd quarter worth $696,000. Vanguard Group Inc. grew its position in shares of Transcat by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock worth $1,623,000 after buying an additional 4,450 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of Transcat by 3.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 164,993 shares of the scientific and technical instruments company’s stock worth $2,005,000 after buying an additional 4,900 shares in the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.
Separately, Dougherty & Co initiated coverage on Transcat in a research report on Wednesday, August 23rd. They set a “buy” rating and a $20.00 price target on the stock.
Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).
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