Kennedy Capital Management LLC Cuts Stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Kennedy Capital Management LLC decreased its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 249,004 shares of the company's stock after selling 192,186 shares during the quarter. Kennedy Capital Management LLC owned 1.04% of Tactile Systems Technology worth $4,265,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Tactile Systems Technology by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 1,483,692 shares of the company's stock worth $25,416,000 after purchasing an additional 4,509 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tactile Systems Technology by 1.5% during the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company's stock worth $8,164,000 after purchasing an additional 8,422 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Tactile Systems Technology by 44.0% during the fourth quarter. Renaissance Technologies LLC now owns 451,100 shares of the company's stock valued at $7,727,000 after purchasing an additional 137,900 shares during the last quarter. Norges Bank bought a new position in Tactile Systems Technology in the 4th quarter worth approximately $2,534,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Tactile Systems Technology by 8.1% in the 3rd 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 during the last quarter. 83.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TCMD has been the topic of several recent research reports. B. Riley lowered shares of 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 research note on Wednesday, February 19th. StockNews.com cut shares of Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 29th.

Tactile Systems Technology Stock Down 0.1 %

Shares of NASDAQ TCMD traded down $0.02 during mid-day trading on Friday, hitting $13.33. The company had a trading volume of 123,172 shares, compared to its average volume of 250,759. Tactile Systems Technology, Inc. has a one year low of $11.12 and a one year high of $21.10. The company has a market capitalization of $315.47 million, a PE ratio of 19.04 and a beta of 1.21. 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 firm has a 50-day simple moving average of $14.16 and a two-hundred day simple moving average of $15.72.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, beating 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 company had revenue of $85.59 million during the quarter, compared to the consensus estimate of $85.39 million. On average, equities analysts expect that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Insider Activity

In other Tactile Systems Technology news, VP Kristie Burns sold 4,830 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $14.65, for a total transaction of $70,759.50. Following the completion of the sale, the vice president now owns 84,008 shares of the company's stock, valued at approximately $1,230,717.20. This represents a 5.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Daniel L. Reuvers sold 10,938 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $14.55, for a total value of $159,147.90. Following the completion of the transaction, the director now directly owns 242,942 shares in the company, valued at $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. In the last ninety days, insiders sold 19,546 shares of company stock worth $285,444. 2.50% of the stock is currently owned by corporate insiders.

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.