Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 163,091 shares of the company’s stock after selling 4,149 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Tactile Systems Technology were worth $2,794,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new stake in Tactile Systems Technology in the third quarter valued at $29,000. Gladius Capital Management LP acquired a new stake in Tactile Systems Technology in the third quarter valued at $44,000. SG Americas Securities LLC acquired a new stake in Tactile Systems Technology in the third quarter valued at $156,000. XTX Topco Ltd acquired a new stake in shares of Tactile Systems Technology during the third quarter valued at $163,000. Finally, Retireful LLC acquired a new stake in shares of Tactile Systems Technology during the fourth quarter valued at $173,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Stock Up 3.1 %

Shares of NASDAQ:TCMD opened at $17.86 on Wednesday. The stock’s 50-day moving average price is $17.45 and its two-hundred day moving average price is $15.61. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12. Tactile Systems Technology, Inc. has a 12-month low of $11.12 and a 12-month high of $21.10. The firm has a market cap of $428.64 million, a price-to-earnings ratio of 27.48 and a beta of 1.20.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.09. Tactile Systems Technology had a return on equity of 9.24% and a net margin of 5.42%. On average, research analysts forecast that Tactile Systems Technology, Inc. will post 0.72 EPS for the current year.

Analysts Set New Price Targets

TCMD has been the topic of a number of analyst reports. StockNews.com lowered Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. BTIG Research lowered Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Finally, Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th.

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.