Dimensional Fund Advisors LP Has $15.44 Million Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

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

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Tactile Systems Technology by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 1,483,692 shares of the company's stock valued at $25,416,000 after purchasing an additional 4,509 shares during the last quarter. Renaissance Technologies LLC boosted 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 worth $7,727,000 after acquiring an additional 137,900 shares in the last quarter. Norges Bank bought a new stake in Tactile Systems Technology during the 4th quarter worth approximately $2,534,000. Janney Montgomery Scott LLC acquired a new stake in Tactile Systems Technology during the 4th quarter valued at $1,328,000. Finally, Barclays PLC raised its position in Tactile Systems Technology by 6.7% in the 4th quarter. Barclays PLC now owns 71,362 shares of the company's stock valued at $1,222,000 after purchasing an additional 4,477 shares during the last quarter. Institutional investors and hedge funds own 83.43% of the company's stock.

Insider Buying and Selling

In related news, Director Daniel L. Reuvers sold 10,938 shares of the business's stock in a transaction dated 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 owns 242,942 shares of the company's stock, valued at $3,534,806.10. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elaine M. Birkemeyer sold 3,778 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $14.70, for a total transaction of $55,536.60. Following the sale, the chief financial officer now owns 104,098 shares in the company, valued at $1,530,240.60. The trade was a 3.50% 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. 2.50% of the stock is owned by insiders.

Tactile Systems Technology Stock Down 3.1%

TCMD traded down $0.31 during trading on Wednesday, hitting $9.57. The company had a trading volume of 267,844 shares, compared to its average volume of 262,250. The company has a market capitalization of $222.48 million, a PE ratio of 13.65 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 one year low of $8.61 and a one year high of $21.10. The firm's 50-day moving average price is $13.13 and its 200 day moving average price is $15.51.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The firm had revenue of $61.27 million during the quarter, compared to analyst estimates 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) EPS. As a group, equities analysts expect that Tactile Systems Technology, Inc. will post 0.7 earnings per share for the current year.

Analyst Ratings Changes

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

About Tactile Systems Technology

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.