Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director William W. Burke Sells 2,500 Shares

Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director William W. Burke sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $14.06, for a total transaction of $35,150.00. Following the completion of the sale, the director now directly owns 25,273 shares in the company, valued at $355,338.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Tactile Systems Technology Stock Down 1.1 %

Shares of TCMD stock traded down $0.15 during trading hours on Friday, reaching $13.90. 197,746 shares of the stock were exchanged, compared to its average volume of 198,468. Tactile Systems Technology, Inc. has a 12-month low of $9.69 and a 12-month high of $26.11. The business’s fifty day moving average is $15.16 and its two-hundred day moving average is $14.21. The company has a debt-to-equity ratio of 0.13, a current ratio of 4.26 and a quick ratio of 2.99. The firm has a market capitalization of $330.26 million, a P/E ratio of 11.58 and a beta of 1.23.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.25. Tactile Systems Technology had a net margin of 10.19% and a return on equity of 15.88%. The business had revenue of $77.65 million during the quarter, compared to analysts’ expectations of $78.85 million. During the same period in the previous year, the company earned $0.29 EPS. As a group, research analysts expect that Tactile Systems Technology, Inc. will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Tactile Systems Technology

A number of hedge funds have recently modified their holdings of the business. Arcadia Investment Management Corp MI raised its stake in Tactile Systems Technology by 94.8% during the 1st quarter. Arcadia Investment Management Corp MI now owns 1,570 shares of the company’s stock valued at $25,000 after acquiring an additional 764 shares during the last quarter. Palisade Asset Management LLC purchased a new stake in Tactile Systems Technology in the 1st quarter valued at approximately $32,000. New York State Teachers Retirement System acquired a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at approximately $29,000. International Assets Investment Management LLC boosted its stake in shares of Tactile Systems Technology by 1,330.0% in the fourth quarter. International Assets Investment Management LLC now owns 2,860 shares of the company’s stock valued at $41,000 after buying an additional 2,660 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Tactile Systems Technology by 69.4% during the 3rd quarter. Covestor Ltd now owns 2,872 shares of the company’s stock worth $40,000 after purchasing an additional 1,177 shares in the last quarter. 83.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

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.