Mutual of America Capital Management LLC Trims Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Mutual of America Capital Management LLC lowered its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,996 shares of the company’s stock after selling 1,098 shares during the quarter. Mutual of America Capital Management LLC owned about 0.49% of Tactile Systems Technology worth $1,709,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Tactile Systems Technology in the 3rd quarter valued at approximately $29,000. Quarry LP acquired a new position in Tactile Systems Technology during the second quarter worth $46,000. Magnetar Financial LLC acquired a new stake in Tactile Systems Technology in the second quarter valued at $130,000. SG Americas Securities LLC purchased a new position in shares of Tactile Systems Technology in the third quarter valued at $156,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Tactile Systems Technology during the 2nd quarter worth $166,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Price Performance

Shares of NASDAQ:TCMD opened at $18.92 on Tuesday. The company has a market cap of $454.08 million, a P/E ratio of 29.11 and a beta of 1.17. The business has a fifty day simple moving average of $14.76 and a 200-day simple moving average of $13.36. Tactile Systems Technology, Inc. has a 52 week low of $11.12 and a 52 week high of $19.55. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TCMD. BTIG Research cut Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. B. Riley started coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective on the stock. StockNews.com cut Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Monday. Finally, Oppenheimer downgraded shares of 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.