RFG Advisory LLC Makes New $1.53 Million Investment in Tactile Systems Technology, Inc. $TCMD

RFG Advisory LLC bought a new position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 52,740 shares of the company’s stock, valued at approximately $1,529,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Tactile Systems Technology by 1,594.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,118 shares of the company’s stock worth $29,000 after purchasing an additional 1,993 shares during the last quarter. Quarry LP boosted its stake in Tactile Systems Technology by 302.6% during the 3rd quarter. Quarry LP now owns 2,319 shares of the company’s stock worth $32,000 after purchasing an additional 1,743 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in Tactile Systems Technology during the 3rd quarter worth $47,000. BNP Paribas Financial Markets boosted its stake in Tactile Systems Technology by 95.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,526 shares of the company’s stock worth $63,000 after purchasing an additional 2,214 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Tactile Systems Technology during the 4th quarter worth $86,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Insider Buying and Selling at Tactile Systems Technology

In other Tactile Systems Technology news, CEO Sheri Louise Dodd sold 15,240 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $28.30, for a total value of $431,292.00. Following the transaction, the chief executive officer owned 254,878 shares of the company’s stock, valued at $7,213,047.40. This represents a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Kristie Burns sold 6,246 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $28.94, for a total transaction of $180,759.24. Following the completion of the transaction, the vice president directly owned 82,581 shares in the company, valued at $2,389,894.14. The trade was a 7.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 50,137 shares of company stock valued at $1,434,839 over the last 90 days. 2.10% of the stock is owned by insiders.

Tactile Systems Technology Trading Down 1.4%

Shares of TCMD stock opened at $25.65 on Friday. The company’s 50-day moving average price is $26.21 and its 200-day moving average price is $26.26. The stock has a market cap of $578.66 million, a price-to-earnings ratio of 29.15 and a beta of 0.82. Tactile Systems Technology, Inc. has a twelve month low of $9.34 and a twelve month high of $37.77.

Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.01). The firm had revenue of $75.27 million for the quarter, compared to analyst estimates of $70.57 million. Tactile Systems Technology had a net margin of 5.91% and a return on equity of 9.70%. As a group, equities research analysts predict that Tactile Systems Technology, Inc. will post 1.11 EPS for the current year.

Analysts Set New Price Targets

TCMD has been the topic of several recent research reports. Lake Street Capital set a $40.00 target price on shares of Tactile Systems Technology and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings cut shares of Tactile Systems Technology from a “hold (c+)” rating to a “hold (c-)” rating in a research report on Wednesday. Piper Sandler boosted their price target on shares of Tactile Systems Technology from $35.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. BTIG Research boosted their price target on shares of Tactile Systems Technology from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, B. Riley Financial raised shares of Tactile Systems Technology from a “neutral” rating to a “buy” rating and boosted their price target for the company from $32.00 to $36.00 in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $38.60.

Tactile Systems Technology Profile

Tactile Systems Technology, Inc, headquartered in Plymouth, Minnesota, is a medical device company specializing in the design, manufacture and marketing of home-use pneumatic compression therapy systems for the treatment of lymphedema and other chronic edema-related conditions. Using proprietary software and patented pump technologies, the company’s platforms are designed to improve patient outcomes through sequential pressure treatment that promotes fluid mobilization and enhanced lymphatic function.

At the core of Tactile Systems’ product portfolio is the Flexitouch® system, a programmable pneumatic pump and garment system approved for home use, and the Aria® device, which features an intuitive touchscreen interface and advanced garment design.