Los Angeles Capital Management LLC Increases Holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Los Angeles Capital Management LLC increased its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 36.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,796 shares of the company's stock after purchasing an additional 36,409 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.57% of Tactile Systems Technology worth $1,984,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TCMD. Vanguard Group Inc. grew its holdings in shares of Tactile Systems Technology by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company's stock worth $22,480,000 after buying an additional 13,350 shares in the last quarter. Paradigm Capital Management Inc. NY increased its position in shares of Tactile Systems Technology by 90.1% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company's stock worth $14,135,000 after purchasing an additional 561,073 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Tactile Systems Technology by 26.5% in the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company's stock valued at $5,178,000 after acquiring an additional 90,960 shares during the period. Pinnacle Associates Ltd. raised its position in Tactile Systems Technology by 324.9% in the second quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company's stock valued at $3,785,000 after purchasing an additional 242,413 shares during the period. Finally, Blair William & Co. IL lifted its stake in Tactile Systems Technology by 3.4% during the first quarter. Blair William & Co. IL now owns 308,842 shares of the company's stock worth $5,019,000 after purchasing an additional 10,297 shares in the last quarter. 83.43% of the stock is owned by institutional investors and hedge funds.

Tactile Systems Technology Stock Down 3.6 %

Shares of TCMD traded down $0.59 during midday trading on Thursday, hitting $15.63. The company had a trading volume of 861,935 shares, compared to its average volume of 249,459. Tactile Systems Technology, Inc. has a 1 year low of $10.91 and a 1 year high of $16.95. The firm has a market capitalization of $375.07 million, a P/E ratio of 25.31 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. The company's 50-day simple moving average is $14.28 and its 200-day simple moving average is $13.24.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TCMD shares. Oppenheimer cut Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 5th. BTIG Research lowered shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a research note on Tuesday, November 5th. B. Riley started coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They issued a "buy" rating and a $23.00 price objective for the company. Finally, StockNews.com upgraded shares of Tactile Systems Technology from a "buy" rating to a "strong-buy" rating in a report on Friday, September 20th.

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.