Kent Lake Capital LLC Purchases 75,000 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Kent Lake Capital LLC raised its position in Tactile Systems Technology, Inc. (NASDAQ:TCMDFree Report) by 23.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 400,000 shares of the company’s stock after purchasing an additional 75,000 shares during the quarter. Tactile Systems Technology accounts for about 2.2% of Kent Lake Capital LLC’s holdings, making the stock its 21st biggest holding. Kent Lake Capital LLC owned about 1.70% of Tactile Systems Technology worth $5,620,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new position in shares of Tactile Systems Technology during the third quarter worth about $29,000. Covestor Ltd grew its stake in Tactile Systems Technology by 69.4% during the third quarter. Covestor Ltd now owns 2,872 shares of the company’s stock worth $40,000 after purchasing an additional 1,177 shares during the period. PNC Financial Services Group Inc. grew its stake in Tactile Systems Technology by 219.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,016 shares of the company’s stock worth $40,000 after purchasing an additional 1,385 shares during the period. Teachers Retirement System of The State of Kentucky acquired a new stake in Tactile Systems Technology during the third quarter worth approximately $43,000. Finally, UBS Group AG grew its stake in Tactile Systems Technology by 25.1% during the third quarter. UBS Group AG now owns 6,349 shares of the company’s stock worth $50,000 after purchasing an additional 1,274 shares during the period. 85.97% of the stock is currently owned by institutional investors.

Tactile Systems Technology Trading Down 0.3 %

NASDAQ TCMD traded down $0.04 during trading hours on Monday, hitting $15.31. 198,853 shares of the company’s stock were exchanged, compared to its average volume of 319,758. The stock has a 50-day simple moving average of $14.70 and a 200 day simple moving average of $14.23. Tactile Systems Technology, Inc. has a 1-year low of $9.69 and a 1-year high of $26.11. The firm has a market cap of $361.32 million, a price-to-earnings ratio of 12.79 and a beta of 1.18. The company has a current ratio of 3.54, a quick ratio of 2.99 and a debt-to-equity ratio of 0.14.

Tactile Systems Technology (NASDAQ:TCMDGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 EPS 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 margin of 10.39%. The firm had revenue of $77.65 million during the quarter, compared to analysts’ expectations of $78.85 million. During the same quarter last year, the firm posted $0.29 earnings per share. On average, equities analysts forecast that Tactile Systems Technology, Inc. will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Daniel L. Reuvers sold 6,239 shares of Tactile Systems Technology stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.81, for a total transaction of $98,638.59. Following the sale, the chief executive officer now directly owns 244,112 shares in the company, valued at $3,859,410.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Daniel L. Reuvers sold 6,239 shares of Tactile Systems Technology stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.81, for a total transaction of $98,638.59. Following the sale, the chief executive officer now directly owns 244,112 shares in the company, valued at $3,859,410.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kristie Burns sold 2,015 shares of Tactile Systems Technology stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.90, for a total value of $32,038.50. Following the sale, the vice president now owns 63,512 shares in the company, valued at $1,009,840.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,520 shares of company stock worth $268,820. 3.50% of the stock is owned by company insiders.

About Tactile Systems Technology

(Free Report)

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre 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; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, treatment, and share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest for the treatment of retained pulmonary secretions, such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders.

Read More

Want to see what other hedge funds are holding TCMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tactile Systems Technology, Inc. (NASDAQ:TCMDFree Report).

Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.