Renaissance Technologies LLC Has $7.73 Million Stock Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Renaissance Technologies LLC boosted its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 44.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 451,100 shares of the company's stock after buying an additional 137,900 shares during the quarter. Renaissance Technologies LLC owned approximately 1.88% of Tactile Systems Technology worth $7,727,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its position in Tactile Systems Technology by 1.6% in the fourth quarter. Rhumbline Advisers now owns 38,033 shares of the company's stock worth $651,000 after buying an additional 581 shares during the period. SG Americas Securities LLC increased its holdings in shares of Tactile Systems Technology by 12.7% in the 4th quarter. SG Americas Securities LLC now owns 12,032 shares of the company's stock worth $206,000 after acquiring an additional 1,354 shares during the period. Legal & General Group Plc lifted its position in Tactile Systems Technology by 33.2% in the 4th quarter. Legal & General Group Plc now owns 6,257 shares of the company's stock valued at $107,000 after purchasing an additional 1,558 shares during the last quarter. Principal Financial Group Inc. boosted 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 valued at $349,000 after purchasing an additional 1,836 shares during the period. Finally, Jones Financial Companies Lllp bought a new position in Tactile Systems Technology in the 4th quarter worth about $39,000. Institutional investors and hedge funds own 83.43% of the company's stock.

Insider Transactions at Tactile Systems Technology

In other Tactile Systems Technology news, Director Daniel L. Reuvers sold 10,938 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.55, for a total transaction of $159,147.90. Following the transaction, the director now directly owns 242,942 shares in the company, valued at $3,534,806.10. This trade represents a 4.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kristie Burns sold 4,830 shares of the stock in a transaction dated Monday, February 24th. The shares were 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 in the company, valued at approximately $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 valued at $285,444 in the last three months. Corporate insiders own 2.50% of the company's stock.

Tactile Systems Technology Stock Up 2.0 %

Tactile Systems Technology stock traded up $0.28 during mid-day trading on Thursday, hitting $14.31. The company's stock had a trading volume of 40,916 shares, compared to its average volume of 250,544. 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 cap of $338.54 million, a PE ratio of 20.39 and a beta of 1.21. 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 firm's 50 day moving average is $13.89 and its 200 day moving average is $15.70.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $85.59 million during the quarter, compared to analyst estimates of $85.39 million. On average, analysts anticipate that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TCMD shares. B. Riley downgraded Tactile Systems Technology from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $23.00 to $18.00 in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 29th.

Tactile Systems Technology 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.