Emancipation Management Lowers stake in Transcat (TRNS)

Transcat (TRNS) : Emancipation Management reduced its stake in Transcat by 6.09% during the most recent quarter end. The investment management company now holds a total of 1,158,024 shares of Transcat which is valued at $11,730,783 after selling 75,100 shares in Transcat , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Transcat makes up approximately 14.56% of Emancipation Management’s portfolio.

Other Hedge Funds, Including , Ativo Capital Management boosted its stake in TRNS in the latest quarter, The investment management firm added 43,372 additional shares and now holds a total of 68,285 shares of Transcat which is valued at $691,727. Transcat makes up approx 0.16% of Ativo Capital Management’s portfolio.Blackrock Fund Advisors reduced its stake in TRNS by selling 6,331 shares or 28.18% in the most recent quarter. The Hedge Fund company now holds 16,138 shares of TRNS which is valued at $163,478.Punch Associates Investment Management boosted its stake in TRNS in the latest quarter, The investment management firm added 15,390 additional shares and now holds a total of 151,390 shares of Transcat which is valued at $1,529,039. Transcat makes up approx 0.17% of Punch Associates Investment Management’s portfolio.

Transcat opened for trading at $10.6 and hit $10.81 on the upside on Monday, eventually ending the session at $10.81, with a gain of 0.09% or 0.01 points. The heightened volatility saw the trading volume jump to 1,501 shares. Company has a market cap of $76 M.

Transcat Inc. provides accredited calibration and compliance services and distributes handheld test measurement and control instrumentation. The Company is focused on providing its services to the life science industries which include pharmaceutical biotechnology medical device manufacturing and other Food and Drug Administration-regulated businesses. It also focuses on other industries and customers which include industrial manufacturing; energy and utility; chemical manufacturing and other industries which require accuracy in their processes and confirmation of the capabilities of their equipment. It operates in two segments: service (Service) and distribution (Distribution). Through the Service segment the Company offers calibration compliance and other complementary services. Through its Distribution segment the Company markets sells and rents national brand instruments to customers globally. Its Distribution segment distributes handheld test and measurement equipment.

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