10,124 Shares in Tactile Systems Technology, Inc. (NASDAQ:TCMD) Bought by Retireful LLC

Retireful LLC purchased a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,124 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TCMD. Rhumbline Advisers boosted its position in Tactile Systems Technology by 11.6% in the 2nd quarter. Rhumbline Advisers now owns 39,318 shares of the company’s stock worth $469,000 after purchasing an additional 4,099 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Tactile Systems Technology by 59.7% in the 2nd quarter. American Century Companies Inc. now owns 25,711 shares of the company’s stock valued at $307,000 after purchasing an additional 9,608 shares during the period. Magnetar Financial LLC purchased a new stake in Tactile Systems Technology during the second quarter worth $130,000. Paradigm Capital Management Inc. NY grew its position in Tactile Systems Technology by 90.1% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after buying an additional 561,073 shares during the period. Finally, AXA S.A. purchased a new position in Tactile Systems Technology in the second quarter valued at $446,000. 83.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Tactile Systems Technology Stock Down 0.2 %

TCMD opened at $17.40 on Friday. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. Tactile Systems Technology, Inc. has a twelve month low of $11.12 and a twelve month high of $21.10. The company has a market cap of $417.60 million, a PE ratio of 26.77 and a beta of 1.21. The company has a 50-day moving average price of $17.47 and a 200 day moving average price of $14.81.

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.