Jim Roumell’s Roumell Asset Management disclosed its 15.7% passive stake position in Transact Technologies Incorporated (TACT) on November 1st. The 13G filing shows the firm now has 1.48 million TACT shares in its position. Roumell Asset Management slightly added 28thousand shares after the second quarter when the firm revealed 1.45 million shares in TACT. TACT has lost about 18% in 2011 and is trading at $7.75 now. The company will report its third quarter earnings on November 9th.
Ten hedge funds had TACT in their portfolios in the second quarter. Jim Roumell’s Roumell Asset Management had the most shares as mentioned. Jim Simons' Renaissance Technologies had 179 thousand shares in TACT, and Chuck Royce’s Royce & Associates had 79 thousand shares.
Roumell Asset Management was founded in 1998 and located in metropolitan Washington, D.C. According to the firm’s official profile, Roumell Asset Management is an opportunistic investment manager with a deep-value bias that manages funds in equity, balanced and fixed income accounts. The firm’s clients include individuals and corporations. The firm revealed about $155 million investment capital in the second quarter, and it mainly invests in Technology and Financial sector.
Transact Technologies Incorporated is a Computer Peripherals company which designs, develops, assembles, and markets transaction-based printers under the Epic and Ithaca brand names. The company offers thermal, inkjet, and impact printers to print various transaction records, various printing supplies and consumables. The company sells its products through original equipment manufacturers, value-added resellers, selected distributors, and directly to end-users. The company was founded in 1996 and is headquartered in Hamden.