Rice Hall James & Associates LLC lowered its stake in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) by 39.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,167 shares of the company’s stock after selling 13,193 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.11% of Tactile Systems Technology worth $1,063,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of TCMD. Rehmann Capital Advisory Group grew its position in shares of Tactile Systems Technology by 611.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,075 shares of the company’s stock worth $76,000 after buying an additional 924 shares in the last quarter. NumerixS Investment Technologies Inc raised its stake in Tactile Systems Technology by 240.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,700 shares of the company’s stock valued at $75,000 after acquiring an additional 1,200 shares during the last quarter. Neuburgh Advisers LLC raised its stake in Tactile Systems Technology by 22.2% during the 4th quarter. Neuburgh Advisers LLC now owns 1,760 shares of the company’s stock valued at $80,000 after acquiring an additional 320 shares during the last quarter. LS Investment Advisors LLC raised its stake in Tactile Systems Technology by 580.2% during the 4th quarter. LS Investment Advisors LLC now owns 3,639 shares of the company’s stock valued at $166,000 after acquiring an additional 3,104 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Tactile Systems Technology by 73,060.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,658 shares of the company’s stock valued at $193,000 after acquiring an additional 3,653 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.
In other news, CEO Gerald R. Mattys sold 27,302 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $71.53, for a total transaction of $1,952,912.06. Following the sale, the chief executive officer now owns 288,432 shares in the company, valued at $20,631,540.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Bryan Rishe sold 3,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $62.70, for a total value of $188,100.00. The disclosure for this sale can be found here. Insiders have sold 77,958 shares of company stock worth $4,813,209 in the last 90 days. Insiders own 6.50% of the company’s stock.
Shares of TCMD stock traded down $0.33 during mid-day trading on Wednesday, hitting $48.80. 128,125 shares of the company’s stock were exchanged, compared to its average volume of 289,655. Tactile Systems Technology Inc has a fifty-two week low of $37.40 and a fifty-two week high of $76.63. The company has a quick ratio of 4.30, a current ratio of 4.96 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $933.00 million, a price-to-earnings ratio of 143.53, a price-to-earnings-growth ratio of 4.99 and a beta of 2.08.
Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.20. Tactile Systems Technology had a return on equity of 8.17% and a net margin of 5.27%. The business had revenue of $37.60 million for the quarter, compared to analysts’ expectations of $33.30 million. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. As a group, analysts anticipate that Tactile Systems Technology Inc will post 0.5 earnings per share for the current fiscal year.
TCMD has been the subject of several analyst reports. Northland Securities reaffirmed a “hold” rating and set a $50.00 price objective on shares of Tactile Systems Technology in a research note on Friday, March 22nd. BidaskClub downgraded Tactile Systems Technology from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Piper Jaffray Companies increased their target price on Tactile Systems Technology to $84.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. BTIG Research reissued a “hold” rating on shares of Tactile Systems Technology in a research note on Tuesday, March 5th. Finally, Zacks Investment Research downgraded Tactile Systems Technology from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Tactile Systems Technology presently has a consensus rating of “Hold” and a consensus price target of $75.80.
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Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of chronic diseases in the United States. The company offers Flexitouch system, an at-home solution for lymphedema patients; and ACTitouch system, a home-based solution for chronic venous insufficiency patients.
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