Dimensional Fund Advisors LP Acquires 67,934 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Dimensional Fund Advisors LP boosted its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 901,551 shares of the company's stock after purchasing an additional 67,934 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.76% of Tactile Systems Technology worth $15,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in TCMD. Norges Bank purchased a new stake in shares of Tactile Systems Technology in the 4th quarter valued at about $2,534,000. Renaissance Technologies LLC raised its holdings in shares of Tactile Systems Technology by 44.0% in the 4th quarter. Renaissance Technologies LLC now owns 451,100 shares of the company's stock valued at $7,727,000 after acquiring an additional 137,900 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Tactile Systems Technology in the 4th quarter valued at about $1,328,000. Integrated Quantitative Investments LLC purchased a new stake in shares of Tactile Systems Technology in the 4th quarter valued at about $1,098,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Tactile Systems Technology by 163.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 52,227 shares of the company's stock valued at $895,000 after acquiring an additional 32,378 shares in the last quarter. Institutional investors own 83.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com cut Tactile Systems Technology from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. B. Riley raised Tactile Systems Technology to a "hold" rating in a report on Wednesday, May 7th. Finally, Piper Sandler cut Tactile Systems Technology from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $25.00 to $14.00 in a report on Tuesday, May 6th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, Tactile Systems Technology has a consensus rating of "Hold" and an average target price of $16.00.

Insider Activity at Tactile Systems Technology

In other Tactile Systems Technology news, CFO Elaine M. Birkemeyer sold 3,778 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.70, for a total value of $55,536.60. Following the transaction, the chief financial officer now directly owns 104,098 shares of the company's stock, valued at $1,530,240.60. The trade was a 3.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel L. Reuvers sold 10,938 shares of Tactile Systems Technology stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.55, for a total value of $159,147.90. Following the completion of the transaction, the director now directly owns 242,942 shares in the company, valued at $3,534,806.10. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,846 shares of company stock valued at $317,355. Corporate insiders own 2.50% of the company's stock.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD traded up $0.25 during trading hours on Tuesday, reaching $9.97. 293,404 shares of the stock traded hands, compared to its average volume of 284,205. The company has a market capitalization of $231.78 million, a P/E ratio of 14.24 and a beta of 1.05. The company has a quick ratio of 3.80, a current ratio of 4.36 and a debt-to-equity ratio of 0.11. Tactile Systems Technology, Inc. has a 52-week low of $8.61 and a 52-week high of $21.10. The company's 50-day simple moving average is $13.21 and its two-hundred day simple moving average is $15.55.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The firm had revenue of $61.27 million for the quarter, compared to analysts' expectations of $63.48 million. Tactile Systems Technology had a net margin of 5.79% and a return on equity of 9.37%. During the same period in the prior year, the business posted ($0.05) earnings per share. Equities research analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

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.