B Riley Financial Inc Sells Shares Worth $467K in Transact Technologies

In a notable insider trading event, B Riley Financial Inc, which holds a 10% ownership stake in Transact Technologies, took a significant step by offloading a portion of its holdings in the company. The transaction was publicly disclosed through a Form 4 filing with the Securities and Exchange Commission (SEC) on January 24. The notice indicated that B Riley Financial Inc had sold 61,191 shares of Transact Technologies TACT.

Details of the Transaction

The divestiture by B Riley Financial Inc of its TACT shares has caught the attention of the market, as it pertains to the to the financial institution's strategic moves. This sale of Transact Technologies stock, valued at approximately $467,000, sheds light on the company's current financial strategy regarding its investment in the technology firm.

About Transact Technologies

TransAct Technologies Incorporated, operating under the ticker TACT, specializes in creating, developing, and selling transaction-based and specialized printers and terminals for a variety of applications. Headquartered in Hamden, Connecticut, TransAct caters to markets in the United States and international platforms, playing a pivotal role in producing technology solutions for transaction-based industries.

The sale from B Riley Financial Inc may raise speculation on the motivations behind the sell-off and any potential implications for TransAct Technologies' stock performance. However, without explicit details from the parties involved, the wider market and investors are left to observe the outcomes of this significant transaction.

Insider, Sell, Financial