Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 23.2% during the fourth quarter, Holdings Channel.com reports. 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’s holdings in Tactile Systems Technology were worth $1,786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in shares of Tactile Systems Technology by 9.9% during the fourth quarter. Principal Financial Group Inc. now owns 20,401 shares of the company’s stock worth $349,000 after acquiring an additional 1,836 shares during the period. Rhumbline Advisers grew its stake in Tactile Systems Technology by 1.6% during the 4th quarter. Rhumbline Advisers now owns 38,033 shares of the company’s stock worth $651,000 after purchasing an additional 581 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Tactile Systems Technology during the 4th quarter worth about $1,328,000. SG Americas Securities LLC raised its position in Tactile Systems Technology by 12.7% in the 4th quarter. SG Americas Securities LLC now owns 12,032 shares of the company’s stock valued at $206,000 after purchasing an additional 1,354 shares in the last quarter. Finally, Retireful LLC purchased a new position in shares of Tactile Systems Technology in the 4th quarter valued at about $173,000. Hedge funds and other institutional investors own 83.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. B. Riley lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating and cut their target price for the stock from $23.00 to $18.00 in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 16th. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. Finally, Oppenheimer downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th.

Insider Activity at Tactile Systems Technology

In related news, VP Kristie Burns sold 4,830 shares of the firm’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 transaction, the vice president now owns 84,008 shares in the company, 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 SEC, which is available through the SEC website. Also, 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 value of $159,147.90. Following the completion of the sale, the director now owns 242,942 shares of the company’s stock, valued at approximately $3,534,806.10. This represents a 4.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,546 shares of company stock valued at $285,444 over the last ninety days. Insiders own 0.96% of the company’s stock.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD opened at $14.29 on Friday. The stock’s 50-day simple moving average is $16.98 and its 200-day simple moving average is $15.72. The firm has a market capitalization of $337.03 million, a PE ratio of 20.41 and a beta of 1.20. Tactile Systems Technology, Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $21.10. 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 (NASDAQ:TCMD) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.40 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations 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.

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.