Semanteon Capital Management LP Makes New $493,000 Investment in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Semanteon Capital Management LP bought a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,771 shares of the company's stock, valued at approximately $493,000. Semanteon Capital Management LP owned about 0.12% of Tactile Systems Technology at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TCMD. Jones Financial Companies Lllp acquired a new position in Tactile Systems Technology in the fourth quarter valued at approximately $39,000. AlphaQuest LLC acquired a new position in shares of Tactile Systems Technology in the 4th quarter valued at $158,000. XTX Topco Ltd purchased a new position in shares of Tactile Systems Technology in the 3rd quarter valued at $163,000. Retireful LLC purchased a new stake in Tactile Systems Technology in the fourth quarter valued at $173,000. Finally, Victory Capital Management Inc. acquired a new position in Tactile Systems Technology in the third quarter valued at $180,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tactile Systems Technology

In other news, VP Kristie Burns sold 4,830 shares of the business's stock in a transaction that occurred on 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 owns 84,008 shares of the company's stock, valued at $1,230,717.20. The trade was a 5.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel L. Reuvers sold 10,938 shares of Tactile Systems Technology stock in a transaction on Monday, February 24th. The stock was sold at an average price of $14.55, for a total value of $159,147.90. Following the transaction, 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 have sold a total of 19,546 shares of company stock valued at $285,444 in the last ninety days. 0.96% of the stock is currently owned by company insiders.

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Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock traded down $0.01 during trading hours on Wednesday, hitting $13.38. 107,681 shares of the company were exchanged, compared to its average volume of 243,829. The company has a current ratio of 4.36, a quick ratio of 3.80 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $15.73 and a 200-day moving average of $15.82. Tactile Systems Technology, Inc. has a 1 year low of $11.12 and a 1 year high of $21.10. The stock has a market capitalization of $315.57 million, a price-to-earnings ratio of 19.11 and a beta of 1.24.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last announced its quarterly earnings data 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. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. The company had revenue of $85.59 million for the quarter, compared to analyst estimates of $85.39 million. As a group, analysts expect that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on TCMD shares. B. Riley downgraded Tactile Systems Technology from a "buy" rating to a "neutral" rating and reduced their target price for the company from $23.00 to $18.00 in a report on Wednesday, February 19th. StockNews.com upgraded shares of Tactile Systems Technology from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 21st.

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.