SG Americas Securities LLC Buys Shares of 10,678 Tactile Systems Technology, Inc. (NASDAQ:TCMD)

SG Americas Securities LLC purchased a new position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,678 shares of the company’s stock, valued at approximately $156,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Tactile Systems Technology by 1.0% during the first quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company’s stock worth $22,480,000 after buying an additional 13,350 shares during the period. Paradigm Capital Management Inc. NY raised its position in Tactile Systems Technology by 90.1% in 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 purchasing an additional 561,073 shares during the period. Wasatch Advisors LP acquired a new position in Tactile Systems Technology during the first quarter worth $8,687,000. Federated Hermes Inc. boosted its position in shares of Tactile Systems Technology by 26.5% during the second quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock worth $5,178,000 after buying an additional 90,960 shares during the period. Finally, Pinnacle Associates Ltd. grew its stake in shares of Tactile Systems Technology by 324.9% in the second quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company’s stock valued at $3,785,000 after buying an additional 242,413 shares in the last quarter. 83.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TCMD. StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a report on Friday, September 20th. B. Riley initiated coverage on shares of Tactile Systems Technology in a report on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective for the company.

Tactile Systems Technology Stock Down 2.6 %

Shares of NASDAQ TCMD opened at $13.91 on Friday. Tactile Systems Technology, Inc. has a 12-month low of $9.69 and a 12-month high of $16.95. The stock has a market cap of $330.53 million, a P/E ratio of 11.59 and a beta of 1.18. The company has a current ratio of 4.44, a quick ratio of 3.89 and a debt-to-equity ratio of 0.12. The business’s fifty day simple moving average is $13.79 and its 200-day simple moving average is $13.23.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The business had revenue of $73.22 million during the quarter, compared to the consensus estimate of $72.62 million. Tactile Systems Technology had a return on equity of 16.94% and a net margin of 11.57%. As a group, equities analysts predict that Tactile Systems Technology, Inc. will post 0.64 EPS for the current fiscal year.

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.