Los Angeles Capital Management LLC Cuts Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Los Angeles Capital Management LLC trimmed its holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,266 shares of the company's stock after selling 31,530 shares during the period. Los Angeles Capital Management LLC owned 0.43% of Tactile Systems Technology worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TCMD. FMR LLC increased its holdings in Tactile Systems Technology by 28.1% in the 3rd quarter. FMR LLC now owns 79,348 shares of the company's stock valued at $1,159,000 after buying an additional 17,393 shares during the period. Wasatch Advisors LP boosted its position in shares of Tactile Systems Technology by 9.8% during the 3rd quarter. Wasatch Advisors LP now owns 727,194 shares of the company's stock worth $10,624,000 after acquiring an additional 64,684 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Tactile Systems Technology in the fourth quarter valued at approximately $1,328,000. Geode Capital Management LLC raised its position in Tactile Systems Technology by 1.5% during the third quarter. Geode Capital Management LLC now owns 558,667 shares of the company's stock valued at $8,164,000 after purchasing an additional 8,422 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Tactile Systems Technology by 16.4% during the third 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 during the last quarter. 83.43% of the stock is currently owned by institutional investors.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD traded down $0.20 during mid-day trading on Monday, hitting $14.09. 388,970 shares of the stock traded hands, compared to its average volume of 297,584. The company has a market cap of $332.31 million, a PE ratio of 20.13 and a beta of 1.20. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10. 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 has a 50 day simple moving average of $16.92 and a two-hundred day simple moving average of $15.77.

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

Insiders Place Their Bets

In other Tactile Systems Technology news, VP Kristie Burns sold 4,830 shares of Tactile Systems Technology 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elaine M. Birkemeyer sold 3,778 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.70, for a total transaction of $55,536.60. Following the completion of the transaction, the chief financial officer now directly owns 104,098 shares in the company, valued at $1,530,240.60. This trade represents a 3.50 % decrease in their ownership of the stock. 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 ninety days. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TCMD shares. Oppenheimer lowered Tactile Systems Technology from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 5th. StockNews.com cut Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research report on Thursday, January 16th. B. Riley downgraded shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating and reduced their price target for the company from $23.00 to $18.00 in a research note on Wednesday, February 19th. Finally, BTIG Research lowered shares of Tactile Systems Technology from a "buy" rating to a "neutral" rating in a report on Tuesday, November 5th.

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.