SG Americas Securities LLC Buys New Stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

SG Americas Securities LLC acquired a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,678 shares of the company’s stock, valued at approximately $156,000.

Other hedge funds also recently made changes to their positions in the company. Palisade Asset Management LLC purchased a new position in Tactile Systems Technology during the 1st quarter worth approximately $32,000. Quarry LP purchased a new position in shares of Tactile Systems Technology during the second quarter worth approximately $46,000. Magnetar Financial LLC purchased a new position in shares of Tactile Systems Technology during the second quarter worth approximately $130,000. RiverPark Advisors LLC increased its holdings in shares of Tactile Systems Technology by 802.5% in the 1st quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock valued at $140,000 after acquiring an additional 7,656 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Tactile Systems Technology in the 1st quarter valued at $166,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD opened at $13.91 on Friday. The stock has a fifty day moving average price of $13.79 and a 200 day moving average price of $13.23. Tactile Systems Technology, Inc. has a 1-year low of $9.69 and a 1-year high of $16.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.44 and a quick ratio of 3.89. The company has a market cap of $330.53 million, a PE ratio of 11.59 and a beta of 1.18.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $73.22 million during the quarter, compared to the consensus estimate of $72.62 million. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. Sell-side analysts forecast that Tactile Systems Technology, Inc. will post 0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TCMD shares. B. Riley began coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective on the stock. StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th.

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.