Granahan Investment Management LLC Has $19.96 Million Stock Position in Transcat, Inc. (NASDAQ:TRNS)

Granahan Investment Management LLC lifted its position in shares of Transcat, Inc. (NASDAQ:TRNS) by 132.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,763 shares of the scientific and technical instruments company’s stock after acquiring an additional 107,389 shares during the quarter. Granahan Investment Management LLC’s holdings in Transcat were worth $19,960,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TRNS. Jones Financial Companies Lllp increased its position in Transcat by 686.7% in the fourth quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 309 shares during the period. Aquatic Capital Management LLC boosted its stake in shares of Transcat by 1,052.0% in the 4th quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company’s stock valued at $122,000 after purchasing an additional 1,052 shares during the last quarter. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Transcat during the 4th quarter worth approximately $143,000. SG Americas Securities LLC bought a new stake in shares of Transcat during the fourth quarter worth approximately $182,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Transcat in the fourth quarter valued at approximately $190,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

TRNS has been the subject of a number of analyst reports. Oppenheimer lowered shares of Transcat from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. HC Wainwright decreased their price objective on Transcat from $126.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. StockNews.com lowered Transcat from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Finally, Northland Securities restated a “market perform” rating and set a $85.00 target price (down from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Transcat currently has an average rating of “Hold” and a consensus target price of $111.50.

Transcat Price Performance

Shares of TRNS stock opened at $78.41 on Friday. The firm has a market capitalization of $729.92 million, a price-to-earnings ratio of 42.38 and a beta of 0.69. Transcat, Inc. has a 12-month low of $67.56 and a 12-month high of $147.12. The company has a quick ratio of 1.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average of $76.85 and a 200-day moving average of $91.27.

Transcat Company Profile

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.