Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Sold by Royce & Associates LP

Royce & Associates LP cut its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 547,062 shares of the company's stock after selling 65,917 shares during the period. Royce & Associates LP owned 2.28% of Tactile Systems Technology worth $9,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. purchased a new position in Tactile Systems Technology during the third quarter worth about $180,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Tactile Systems Technology by 8.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 127,175 shares of the company's stock valued at $1,858,000 after buying an additional 9,485 shares in the last quarter. FMR LLC grew its holdings in Tactile Systems Technology by 28.1% during the third quarter. FMR LLC now owns 79,348 shares of the company's stock worth $1,159,000 after acquiring an additional 17,393 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Tactile Systems Technology by 16.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 45,374 shares of the company's stock worth $663,000 after purchasing an additional 6,401 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in shares of Tactile Systems Technology by 16.6% in the 3rd quarter. Martingale Asset Management L P now owns 47,105 shares of the company's stock valued at $688,000 after purchasing an additional 6,709 shares in the last quarter. Hedge funds and other institutional investors own 83.43% of the company's stock.

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Insider Activity

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 sale, the vice president now directly owns 84,008 shares in the company, valued at approximately $1,230,717.20. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Elaine M. Birkemeyer sold 3,778 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the completion of the transaction, the chief financial officer now owns 104,098 shares of the company's stock, valued at approximately $1,530,240.60. This represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,546 shares of company stock valued at $285,444 in the last three months. Corporate insiders own 0.96% of the company's stock.

Tactile Systems Technology Trading Down 2.9 %

Shares of TCMD traded down $0.40 during mid-day trading on Friday, hitting $13.29. The company had a trading volume of 416,839 shares, compared to its average volume of 245,447. Tactile Systems Technology, Inc. has a 1-year low of $11.12 and a 1-year high of $21.10. The business's 50-day simple moving average is $15.89 and its 200-day simple moving average is $15.79. The stock has a market cap of $313.44 million, a PE ratio of 18.99 and a beta of 1.24. 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 (NASDAQ:TCMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 5.79% and a return on equity of 9.37%. Sell-side analysts forecast that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

TCMD has been the topic of a number of research reports. B. Riley cut 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. StockNews.com upgraded Tactile Systems Technology from a "buy" rating to a "strong-buy" rating in a research report on Friday.

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.