Raymond James Financial Inc. purchased a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,276 shares of the company's stock, valued at approximately $330,000. Raymond James Financial Inc. owned about 0.08% of Tactile Systems Technology as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of TCMD. Rhumbline Advisers lifted its stake in Tactile Systems Technology by 1.6% during the fourth quarter. Rhumbline Advisers now owns 38,033 shares of the company's stock worth $651,000 after purchasing an additional 581 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Tactile Systems Technology by 12.7% in the fourth quarter. SG Americas Securities LLC now owns 12,032 shares of the company's stock valued at $206,000 after purchasing an additional 1,354 shares in the last quarter. Principal Financial Group Inc. increased its stake in Tactile Systems Technology by 9.9% during the 4th quarter. Principal Financial Group Inc. now owns 20,401 shares of the company's stock worth $349,000 after buying an additional 1,836 shares during the period. Jones Financial Companies Lllp acquired a new stake in Tactile Systems Technology during the 4th quarter worth approximately $39,000. Finally, Tidal Investments LLC boosted its position in Tactile Systems Technology by 20.9% in the 3rd quarter. Tidal Investments LLC now owns 25,957 shares of the company's stock valued at $379,000 after buying an additional 4,483 shares during the period. Hedge funds and other institutional investors own 83.43% of the company's stock.
Tactile Systems Technology Stock Up 0.7 %
TCMD traded up $0.09 on Tuesday, reaching $13.49. The company's stock had a trading volume of 14,100 shares, compared to its average volume of 249,812. The company has a quick ratio of 3.80, a current ratio of 4.36 and a debt-to-equity ratio of 0.11. Tactile Systems Technology, Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $21.10. The stock has a 50 day moving average of $14.38 and a two-hundred day moving average of $15.76. The company has a market capitalization of $319.25 million, a price-to-earnings ratio of 19.29 and a beta of 1.21.
Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last released its quarterly 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 company had revenue of $85.59 million for the quarter, compared to analyst estimates of $85.39 million. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. As a group, analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on TCMD. StockNews.com lowered Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th. B. Riley cut shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $23.00 to $18.00 in a report on Wednesday, February 19th.
Check Out Our Latest Report on Tactile Systems Technology
Insider Activity at Tactile Systems Technology
In related news, VP Kristie Burns sold 4,830 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.65, for a total transaction of $70,759.50. Following the transaction, the vice president now owns 84,008 shares of the company's stock, valued at $1,230,717.20. This trade represents a 5.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel L. Reuvers sold 10,938 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $14.55, for a total value of $159,147.90. Following the sale, the director now directly owns 242,942 shares of the company's stock, valued at approximately $3,534,806.10. This represents a 4.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock worth $285,444 in the last 90 days. 0.96% of the stock is owned by insiders.
Tactile Systems Technology Company Profile
(
Free Report)
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.
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