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

Rice Hall James & Associates LLC reduced its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 2.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,091 shares of the company’s stock after selling 4,149 shares during the quarter. Rice Hall James & Associates LLC owned about 0.68% of Tactile Systems Technology worth $2,794,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TCMD. Arcadia Investment Management Corp MI purchased a new stake in shares of Tactile Systems Technology during the third quarter worth approximately $29,000. Gladius Capital Management LP purchased a new stake in shares of Tactile Systems Technology during the third quarter worth approximately $44,000. SG Americas Securities LLC purchased a new stake in shares of Tactile Systems Technology during the third quarter worth approximately $156,000. XTX Topco Ltd purchased a new stake in shares of Tactile Systems Technology during the third quarter worth approximately $163,000. Finally, Retireful LLC purchased a new stake in shares of Tactile Systems Technology during the fourth quarter worth approximately $173,000. 83.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TCMD shares. StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Oppenheimer cut Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. Finally, BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Trading Up 3.1 %

NASDAQ:TCMD opened at $17.86 on Wednesday. The stock has a fifty day moving average price of $17.45 and a two-hundred day moving average price of $15.61. The stock has a market capitalization of $428.64 million, a price-to-earnings ratio of 27.48 and a beta of 1.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. Tactile Systems Technology, Inc. has a 1 year low of $11.12 and a 1 year high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.09. Tactile Systems Technology had a return on equity of 9.24% and a net margin of 5.42%. As a group, sell-side analysts anticipate that Tactile Systems Technology, Inc. will post 0.72 earnings per share 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.