EntryPoint Capital LLC Invests $334,000 in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

EntryPoint Capital LLC acquired a new stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,485 shares of the company's stock, valued at approximately $334,000. EntryPoint Capital LLC owned 0.08% of Tactile Systems Technology at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Tactile Systems Technology by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,483,692 shares of the company's stock valued at $25,416,000 after buying an additional 4,509 shares during the last quarter. Wasatch Advisors LP raised its stake in Tactile Systems Technology by 9.8% in the 3rd quarter. Wasatch Advisors LP now owns 727,194 shares of the company's stock valued at $10,624,000 after acquiring an additional 64,684 shares during the period. Geode Capital Management LLC lifted its holdings in Tactile Systems Technology by 1.5% during the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company's stock valued at $8,164,000 after purchasing an additional 8,422 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Tactile Systems Technology by 8.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 127,175 shares of the company's stock worth $1,858,000 after purchasing an additional 9,485 shares during the period. Finally, FMR LLC increased its stake in shares of Tactile Systems Technology by 28.1% in the third quarter. FMR LLC now owns 79,348 shares of the company's stock worth $1,159,000 after purchasing an additional 17,393 shares in the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of analysts recently commented on the stock. B. Riley cut shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating and dropped their price target for the company from $23.00 to $18.00 in a research note on Wednesday, February 19th. StockNews.com downgraded Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday.

Tactile Systems Technology Price Performance

TCMD stock traded up $0.22 during mid-day trading on Monday, reaching $13.22. 142,236 shares of the company traded hands, compared to its average volume of 247,290. Tactile Systems Technology, Inc. has a 52-week low of $11.12 and a 52-week high of $21.10. The company has a market capitalization of $311.79 million, a P/E ratio of 18.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.36 and a quick ratio of 3.80. The company has a fifty day moving average price of $15.40 and a 200-day moving average price of $15.83.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.31 by $0.09. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. The company had revenue of $85.59 million during the quarter, compared to analysts' expectations of $85.39 million. As a group, analysts anticipate that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current year.

Insider Transactions at Tactile Systems Technology

In other Tactile Systems Technology news, CFO Elaine M. Birkemeyer sold 3,778 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the sale, the chief financial officer now owns 104,098 shares of the company's stock, valued at $1,530,240.60. This trade represents a 3.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kristie Burns sold 4,830 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.65, for a total value of $70,759.50. Following the transaction, the vice president now directly owns 84,008 shares of the company's stock, valued at $1,230,717.20. The trade was a 5.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,546 shares of company stock valued at $285,444. 0.96% of the stock is currently owned by company insiders.

About Tactile Systems Technology

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema in the home setting; and Entre Plus System, a portable pneumatic compression device for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.