Wasatch Advisors LP Sells 94,877 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Wasatch Advisors LP lessened its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 13.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 632,317 shares of the company's stock after selling 94,877 shares during the quarter. Wasatch Advisors LP owned approximately 2.63% of Tactile Systems Technology worth $10,832,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of TCMD. XTX Topco Ltd purchased a new position in Tactile Systems Technology during the third quarter worth about $163,000. Barclays PLC increased its holdings in shares of Tactile Systems Technology by 56.7% in the 3rd quarter. Barclays PLC now owns 66,885 shares of the company's stock valued at $977,000 after acquiring an additional 24,188 shares during the last quarter. Geode Capital Management LLC increased its stake in Tactile Systems Technology by 1.5% in 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 during the last quarter. Tidal Investments LLC raised its stake in Tactile Systems Technology by 20.9% during the 3rd quarter. Tidal Investments LLC now owns 25,957 shares of the company's stock worth $379,000 after acquiring an additional 4,483 shares in the last quarter. Finally, Retireful LLC purchased a new position in Tactile Systems Technology during the 4th quarter worth approximately $173,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Daniel L. Reuvers sold 10,938 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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 of the company's stock, valued at approximately $3,534,806.10. The trade was a 4.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $70,759.50. Following the sale, the vice president now directly owns 84,008 shares of the company's stock, valued at $1,230,717.20. This trade represents a 5.44 % 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 over the last quarter. Corporate insiders own 2.50% of the company's stock.

Tactile Systems Technology Stock Up 2.5 %

Shares of TCMD stock traded up $0.34 during trading hours on Tuesday, reaching $13.79. The company had a trading volume of 24,484 shares, compared to its average volume of 250,352. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.80 and a current ratio of 4.36. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10. The stock's fifty day simple moving average is $14.02 and its 200 day simple moving average is $15.72. The company has a market capitalization of $326.35 million, a P/E ratio of 19.68 and a beta of 1.21.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its earnings results on Tuesday, February 18th. The company reported $0.40 earnings per share (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 business had revenue of $85.59 million for the quarter, compared to analyst estimates of $85.39 million. As a group, sell-side analysts expect that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TCMD has been the topic of several analyst reports. StockNews.com downgraded Tactile Systems Technology from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 29th. B. Riley lowered Tactile Systems Technology from a "buy" rating to a "neutral" rating and lowered their target price for the company from $23.00 to $18.00 in a report on Wednesday, February 19th.

About Tactile Systems Technology

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.