Punch & Associates Investment Management Holding in Transact Technologies (TACT) Raised as Share Price Declined; As Brookfield Asset Management In (BAM) Shares Declined, Holder Fenimore Asset Management Has Increased Holding

June 8, 2018 - By Winifred Garcia

Brookfield Asset Management Inc. (NYSE:BAM) Logo

Punch & Associates Investment Management Inc increased its stake in Transact Technologies Inc (TACT) by 10.68% based on its latest 2018Q1 regulatory filing with the SEC. Punch & Associates Investment Management Inc bought 30,000 shares as the company’s stock declined 26.62% with the market. The hedge fund held 311,000 shares of the computer peripheral equipment company at the end of 2018Q1, valued at $4.06 million, up from 281,000 at the end of the previous reported quarter. Punch & Associates Investment Management Inc who had been investing in Transact Technologies Inc for a number of months, seems to be bullish on the $81.43 million market cap company. It closed at $11 lastly. It is down 27.22% since June 8, 2017 and is uptrending. It has outperformed by 14.65% the S&P500. Some Historical TACT News: 03/05/2018 – TransAct 1Q EPS 9c; 14/05/2018 – ZIMBABWE TELLS BANKS NOT TO TRANSACT IN VIRTUAL CURRENCIES; 24/04/2018 – SPOTON TRANSACT LLC, A PAYMENTS & SOFTWARE COMPANY, ANNOUNCED INITIAL INVESTMENT OF $20 MLN LED BY TWIN BROTHERS AND CO-FOUNDERS, MATT AND ZACH HYMAN; 05/03/2018 – TransAct 4Q Adj EPS 12c; 08/05/2018 – TransAct to Demonstrate Full Suite of Advanced Technology and Printer Solutions for the Global Casino, Gaming and Lottery Markets at G2E Asia 2018; 01/05/2018 – Digital Transact: After an Initial Hit, PNC Bank Cuts Its Zelle P2P Fraud; 30/04/2018 – TransAct Technologies Declares Quarterly Cash Dividend of $0.09 Per Share; 19/04/2018 – TRANSACT: SKSEEKA REPORTS PURCHASE OF NORTHLAND OPERATION; 16/04/2018 – Ipsidy to Attend ETA TRANSACT in Las Vegas; 20/04/2018 – DJ TransAct Technologies Incorporated, Inst Holders, 1Q 2018 (TACT)

Fenimore Asset Management Inc increased its stake in Brookfield Asset Management In (BAM) by 0.8% based on its latest 2018Q1 regulatory filing with the SEC. Fenimore Asset Management Inc bought 16,078 shares as the company’s stock declined 0.02% with the market. The institutional investor held 2.03 million shares of the building operators company at the end of 2018Q1, valued at $79.17 million, up from 2.01M at the end of the previous reported quarter. Fenimore Asset Management Inc who had been investing in Brookfield Asset Management In for a number of months, seems to be bullish on the $39.02 billion market cap company. The stock increased 0.44% or $0.18 during the last trading session, reaching $40.77. About 104,173 shares traded. Brookfield Asset Management Inc. (NYSE:BAM) has risen 7.02% since June 8, 2017 and is uptrending. It has underperformed by 5.55% the S&P500. Some Historical BAM News: 10/05/2018 – Moody’s Assigns Aaa To Brookfield, Wi’s Go Bonds; 21/03/2018 – Rigzone: Sources: Canada’s Brookfield To Sell Bonds In Brazil To Help Fund Pipeline; 30/05/2018 – India’s RCom plans $2.68 bln asset sale to Jio, Brookfield in next few weeks; 19/04/2018 – Brookfield Residential’s Stunning New Agave Neighborhood to Debut Soon at Spencer’s Crossing in Murrieta; 22/03/2018 – Newport Capital Partners acquires prominent retail center in Brookfield, Wl; 13/03/2018 – Brookfield Is Said to Sell Stake in Toronto Bay Adelaide Centre; 03/04/2018 – Mint: Brookfield in final stages of talks to acquire ICICI Tower in Hyderabad; 17/04/2018 – Brookfield Residential’s New Savannah Neighborhood Debuts Saturday, April 21st at Audie Murphy Ranch in Menifee; 26/03/2018 – BROOKFIELD & GGP REACH PACT ON BPY’S PURCHASE OF GGP; 18/05/2018 – BROOKFIELD – PERIOD OF NORMAL COURSE ISSUER BID WILL EXTEND FROM MAY 24, 2018 TO MAY 23, 2019, OR EARLIER DATE SHOULD CO COMPLETE PURCHASES

Fenimore Asset Management Inc, which manages about $2.04B and $2.59 billion US Long portfolio, decreased its stake in Consolidated (NYSEMKT:CTO) by 20,105 shares to 118,299 shares, valued at $7.44M in 2018Q1, according to the filing. It also reduced its holding in Stryker Corporation (NYSE:SYK) by 29,420 shares in the quarter, leaving it with 502,351 shares, and cut its stake in Waters Corporation (NYSE:WAT).

More notable recent Brookfield Asset Management Inc. (NYSE:BAM) news were published by: Globenewswire.com which released: “Brookfield Announces Reset Dividend Rate on Its Series 25 Preference Shares” on June 01, 2018, also Streetinsider.com with their article: “Brookfield Asset Management (BAM) is Said to Explore Sale of Industrial Property Unit – Bloomberg” published on June 07, 2018, Seekingalpha.com published: “Brookfield Asset Management submits consent to TSX for BPY/GGP deal” on June 07, 2018. More interesting news about Brookfield Asset Management Inc. (NYSE:BAM) were released by: Fool.com and their article: “3 Top Dividend Stocks to Buy Right Now” published on May 26, 2018 as well as Globenewswire.com‘s news article titled: “Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid” with publication date: May 18, 2018.

Among 9 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. had 32 analyst reports since August 10, 2015 according to SRatingsIntel. Citigroup initiated the shares of BAM in report on Thursday, January 19 with “Buy” rating. RBC Capital Markets maintained Brookfield Asset Management Inc. (NYSE:BAM) on Thursday, November 9 with “Buy” rating. The stock of Brookfield Asset Management Inc. (NYSE:BAM) has “Sector Outperform” rating given on Friday, October 16 by IBC. The firm has “Buy” rating given on Friday, February 16 by RBC Capital Markets. The rating was upgraded by RBC Capital Markets on Thursday, September 22 to “Top Pick”. On Monday, May 15 the stock rating was maintained by Wood with “Buy”. Citigroup maintained it with “Buy” rating and $48 target in Tuesday, August 15 report. RBC Capital Markets maintained it with “Buy” rating and $43.0 target in Wednesday, November 1 report. The firm earned “Outperform” rating on Tuesday, May 24 by Wood. The rating was maintained by Canaccord Genuity on Friday, August 11 with “Buy”.

Another recent and important TransAct Technologies Incorporated (NASDAQ:TACT) news was published by Businesswire.com which published an article titled: “Momentum for AccuDate Solutions Continues as TransAct Secures Potential Placement of Terminals at Six New …” on June 06, 2018.

Punch & Associates Investment Management Inc, which manages about $832.72M and $1.13 billion US Long portfolio, decreased its stake in Franklin Covey Co (NYSE:FC) by 70,444 shares to 346,816 shares, valued at $9.33 million in 2018Q1, according to the filing. It also reduced its holding in Digi Intl Inc (NASDAQ:DGII) by 188,584 shares in the quarter, leaving it with 1.22M shares, and cut its stake in Nuveen Mtg Opportunity Term (JLS).

Investors sentiment decreased to 1.63 in 2018 Q1. Its down 0.04, from 1.67 in 2017Q4. It worsened, as 6 investors sold TACT shares while 10 reduced holdings. 10 funds opened positions while 16 raised stakes. 3.05 million shares or 6.16% more from 2.88 million shares in 2017Q4 were reported. Panagora Asset stated it has 0% of its portfolio in TransAct Technologies Incorporated (NASDAQ:TACT). Spark Management Limited Liability owns 0.02% invested in TransAct Technologies Incorporated (NASDAQ:TACT) for 22,700 shares. North Star Inv Management reported 99,600 shares stake. Punch And Assocs Mngmt invested in 311,000 shares. Tower Ltd Liability Com (Trc) holds 4,662 shares. Blackrock Incorporated holds 0% of its portfolio in TransAct Technologies Incorporated (NASDAQ:TACT) for 277,665 shares. Geode Capital Ltd Liability Company has invested 0% in TransAct Technologies Incorporated (NASDAQ:TACT). Federated Investors Pa owns 522 shares. Wells Fargo & Mn has invested 0% in TransAct Technologies Incorporated (NASDAQ:TACT). Gamco Invsts Incorporated Et Al invested 0.01% in TransAct Technologies Incorporated (NASDAQ:TACT). Moreover, Natl Bank Of New York Mellon has 0% invested in TransAct Technologies Incorporated (NASDAQ:TACT). Acadian Asset reported 0% stake. Susquehanna Intll Group Ltd Liability Partnership invested in 0% or 28,592 shares. Cadence Management Ltd Liability owns 0.11% invested in TransAct Technologies Incorporated (NASDAQ:TACT) for 124,020 shares. Denali Advisors Lc owns 0% invested in TransAct Technologies Incorporated (NASDAQ:TACT) for 160 shares.

Since December 12, 2017, it had 0 insider purchases, and 3 selling transactions for $565,387 activity. TANAKA GRAHAM Y sold $139,612 worth of stock.

Among 2 analysts covering TransAct Technologies (NASDAQ:TACT), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. TransAct Technologies had 3 analyst reports since October 14, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Wednesday, October 14 by B. Riley & Co.

TransAct Technologies Incorporated (NASDAQ:TACT) Institutional Positions Chart

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