Integrated Quantitative Investments LLC Invests $1.10 Million in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Integrated Quantitative Investments LLC acquired a new position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 64,125 shares of the company's stock, valued at approximately $1,098,000. Integrated Quantitative Investments LLC owned approximately 0.27% of Tactile Systems Technology as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TCMD. Jones Financial Companies Lllp acquired a new stake in Tactile Systems Technology in the 4th quarter valued at $39,000. 1620 Investment Advisors Inc. bought a new stake in Tactile Systems Technology during the fourth quarter worth about $97,000. AlphaQuest LLC acquired a new position in Tactile Systems Technology during the fourth quarter valued at approximately $158,000. XTX Topco Ltd bought a new position in Tactile Systems Technology in the third quarter valued at approximately $163,000. Finally, Retireful LLC acquired a new position in shares of Tactile Systems Technology during the 4th quarter worth approximately $173,000. Institutional investors and hedge funds own 83.43% of the company's stock.

Tactile Systems Technology Stock Performance

TCMD traded up $0.16 during trading hours on Wednesday, reaching $13.15. The company's stock had a trading volume of 75,202 shares, compared to its average volume of 249,220. The company's 50-day moving average is $14.80 and its 200-day moving average is $15.78. Tactile Systems Technology, Inc. has a 52 week low of $11.12 and a 52 week high of $21.10. The firm has a market cap of $311.16 million, a PE ratio of 18.61 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.80 and a current ratio of 4.36.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last announced its earnings results on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. The business had revenue of $85.59 million during the quarter, compared to the consensus estimate of $85.39 million. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. On average, equities analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Insider Activity at Tactile Systems Technology

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. B. Riley cut shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating and decreased their target price for the company from $23.00 to $18.00 in a research note on Wednesday, February 19th. StockNews.com lowered shares of Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th.

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.