Janney Montgomery Scott LLC Invests $1.33 Million in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Janney Montgomery Scott LLC purchased a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 77,500 shares of the company's stock, valued at approximately $1,328,000. Janney Montgomery Scott LLC owned approximately 0.32% of Tactile Systems Technology at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wasatch Advisors LP raised its position in shares of Tactile Systems Technology by 9.8% in the third quarter. Wasatch Advisors LP now owns 727,194 shares of the company's stock valued at $10,624,000 after buying an additional 64,684 shares in the last quarter. Royce & Associates LP raised its position in Tactile Systems Technology by 2.5% during the third quarter. Royce & Associates LP now owns 612,979 shares of the company's stock valued at $8,956,000 after purchasing an additional 14,780 shares in the last quarter. Geode Capital Management LLC raised its position 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 in the last quarter. AQR Capital Management LLC raised its position in Tactile Systems Technology by 1.9% during the second quarter. AQR Capital Management LLC now owns 269,431 shares of the company's stock valued at $3,217,000 after purchasing an additional 4,961 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Tactile Systems Technology by 36.6% during the third quarter. Los Angeles Capital Management LLC now owns 135,796 shares of the company's stock valued at $1,984,000 after purchasing an additional 36,409 shares in the last quarter. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Tactile Systems Technology Price Performance

Shares of NASDAQ:TCMD traded down $0.08 during trading on Friday, hitting $17.09. 165,063 shares of the company were exchanged, compared to its average volume of 246,646. The business's 50 day moving average is $17.64 and its 200-day moving average is $15.39. The company has a market capitalization of $410.16 million, a P/E ratio of 26.29 and a beta of 1.20. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. Tactile Systems Technology, Inc. has a 1-year low of $11.12 and a 1-year high of $21.10.

Analyst Upgrades and Downgrades

TCMD has been the subject of several research analyst reports. BTIG Research downgraded shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research report on Tuesday, November 5th. StockNews.com downgraded shares of Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. Finally, Oppenheimer downgraded shares of Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 5th.

Tactile Systems Technology Company Profile

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.