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

Los Angeles Capital Management LLC lifted its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 36.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,796 shares of the company’s stock after buying an additional 36,409 shares during the period. Los Angeles Capital Management LLC owned about 0.57% of Tactile Systems Technology worth $1,984,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Arcadia Investment Management Corp MI purchased a new position in Tactile Systems Technology during the 3rd quarter worth $29,000. Quarry LP bought a new position in shares of Tactile Systems Technology during the second quarter valued at about $46,000. Magnetar Financial LLC purchased a new position in Tactile Systems Technology during the second quarter worth about $130,000. SG Americas Securities LLC bought a new stake in Tactile Systems Technology in the 3rd quarter worth about $156,000. Finally, Mackenzie Financial Corp purchased a new stake in Tactile Systems Technology in the 2nd quarter valued at about $166,000. Institutional investors own 83.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. Finally, B. Riley initiated coverage on shares of Tactile Systems Technology in a research report on Thursday, September 26th. They set a “buy” rating and a $23.00 price target for the company.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD opened at $16.22 on Thursday. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $14.22 and a two-hundred day simple moving average of $13.22. Tactile Systems Technology, Inc. has a 1-year low of $10.50 and a 1-year high of $16.95. The firm has a market cap of $389.23 million, a price-to-earnings ratio of 24.68 and a beta of 1.17.

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.