O Shaughnessy Asset Management LLC reduced its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD – Free Report) by 7.6% during the third quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission. It is said that he did. The institutional investor owned 12,146 shares of the company's stock after selling 994 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.05% of his Tactile Systems Technology valued at $171,000 at the end of the most recent reporting period.
Several other hedge funds also changed their stakes in the stock. Millrace Asset Group Inc. raised its stake in Tactile Systems Technology by 103.8% in the 3rd quarter. Millrace Asset Group Inc. now owns 77,253 shares of the company's stock worth $1,085,000 after acquiring an additional 39,344 shares in the last quarter. Covestor Ltd raised its stake in Tactile Systems Technology by 69.4% in 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. Algert Global LLC raised its stake in Tactile Systems Technology by 77.6% in the 3rd quarter. Algert Global LLC now owns 79,610 shares of the company's stock valued at $1,119,000 after purchasing an additional 34,780 shares in the last quarter. Northern Trust Corporation raised its stake in Tactile Systems Technology Inc. by 3.3% in the 3rd quarter. Northern Trust Corporation now owns 216,595 shares of the company's stock worth $3,043,000 after purchasing an additional 6,896 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in Tactile Systems Technology by 206.0% in the 3rd quarter. WINTON GROUP Ltd now owns 28,916 shares of the company's stock valued at $406,000 after purchasing an additional 19,467 shares in the last quarter. 85.97% of the stock is currently held by institutional investors and hedge funds.
Haptic system technology inventory 0.3%
Tactile Systems Technology stock began trading at $15.74 on Monday. Tactile Systems Technology Inc. has a 1 year low of $9.69 and a 1 year high of $26.11. The company has a debt-equity ratio of 0.14, a current ratio of 3.54, and a quick ratio of 2.99. The stock has a market capitalization of $371.46 million, a P/E ratio of 13.12x, and a beta of 1.18x. The stock's 50-day moving average is $14.79 and its 200-day moving average is $14.14.
Tactile Systems Technology (NASDAQ:TCMD – Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.25. Tactile Systems Technology had a return on equity of 17.08% and a net profit margin of 10.39%. The company had revenue of $77.65 million for the quarter, compared to analyst expectations of $78.85 million. In the same period last year, the company's earnings per share were $0.29. On average, sell-side analysts expect that Tactile Systems Technology, Inc.'s EPS for the current fiscal year will be 0.56.
Insiders place bets
In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 6,239 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.81, for a total transaction of $98,638.59. Following the transaction, the CEO now owns 244,112 shares of the company's stock, valued at $3,859,410.72. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC's website. In other Tactile Systems Technology news, CEO Daniel L. Reuvers sold 5,378 shares of the company's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $14.85, for a total transaction of $79,863.30. Following the transaction, the CEO now owns 192,321 shares of the company's stock, valued at $2,855,966.85. The sale was disclosed in a filing with the SEC, which can be accessed on the SEC's website. Also, CEO Daniel L. Reuvers sold 6,239 shares of the company's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $15.81, for a total value of $98,638.59. Following the transaction, the CEO now directly owns 244,112 shares of the company's stock, valued at approximately $3,859,410.72. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 17,520 shares of company stock, valued at $268,820. 3.50% of the shares are currently owned by insiders.
Haptic system technology overview
(Free report)
Tactile Systems Technology, Inc. is a medical technology company that develops and provides medical devices for the treatment of underserved chronic diseases in the United States. The company offers his Flexitouch Plus system, a pneumatic compression device for lymphedema treatment. The Entre System is a portable pneumatic compression device for the home treatment of venous diseases such as lymphedema and chronic venous insufficiency such as venous leg ulcers. Kylee is a mobile he application that helps patients learn about lymphedema, track symptoms and treatments, and share their progress with their doctors. AffloVest is a portable high-frequency chest wall vibration vest for treating pulmonary secretion retention such as bronchiectasis, cystic fibrosis, and various neuromuscular diseases.
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Curious if other hedge funds own TCMD? Visit HoldingsChannel.com to get the latest 13F filing and insider transactions for Tactile Systems Technology, Inc. (NASDAQ:TCMD – Free Report).
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