Punch & Associates Investment Management Inc. Purchases 72,000 Shares of Tactile Systems Technology, Inc. $TCMD

Key Points

• Punch & Associates Investment Management Inc. increased its stake in Tactile Systems Technology, Inc. by 34.3%, now holding approximately 1.21% of the company, valued at $3.73 million.
• CEO Sheri Louise Dodd sold 7,762 shares at an average price of $12.36, resulting in a 4.28% decrease in her ownership of the company.
• Analysts have upgraded Tactile Systems Technology, with ratings ranging from 'hold' to 'strong buy', noting a consensus price target of $13.50.

Punch & Associates Investment Management Inc. increased its holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 34.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,000 shares of the company's stock after purchasing an additional 72,000 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 1.21% of Tactile Systems Technology worth $3,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in Tactile Systems Technology by 64,350.0% in the first quarter. GAMMA Investing LLC now owns 2,578 shares of the company's stock worth $34,000 after buying an additional 2,574 shares in the last quarter. Victory Capital Management Inc. bought a new position in Tactile Systems Technology in the first quarter worth about $1,160,000. Bank of America Corp DE raised its stake in Tactile Systems Technology by 67.5% in the fourth quarter. Bank of America Corp DE now owns 101,867 shares of the company's stock worth $1,745,000 after buying an additional 41,037 shares in the last quarter. Millennium Management LLC bought a new position in Tactile Systems Technology in the fourth quarter worth about $2,793,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Tactile Systems Technology by 11.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,008 shares of the company's stock worth $343,000 after buying an additional 2,006 shares in the last quarter. Hedge funds and other institutional investors own 83.43% of the company's stock.

Tactile Systems Technology Stock Up 1.8%

Shares of NASDAQ TCMD traded up $0.24 during midday trading on Tuesday, hitting $13.69. The stock had a trading volume of 133,212 shares, compared to its average volume of 202,190. The business's 50 day moving average is $11.54 and its 200-day moving average is $11.90. The company has a market cap of $305.15 million, a P/E ratio of 22.08 and a beta of 1.04. Tactile Systems Technology, Inc. has a 52 week low of $8.61 and a 52 week high of $21.10. The company has a quick ratio of 3.36, a current ratio of 3.79 and a debt-to-equity ratio of 0.11.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.05. The firm had revenue of $78.91 million for the quarter, compared to the consensus estimate of $73.93 million. Tactile Systems Technology had a net margin of 5.06% and a return on equity of 7.72%. Tactile Systems Technology has set its FY 2025 guidance at EPS. As a group, analysts predict that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Insider Transactions at Tactile Systems Technology

In related news, CEO Sheri Louise Dodd sold 7,762 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $12.36, for a total value of $95,938.32. Following the sale, the chief executive officer owned 173,479 shares in the company, valued at approximately $2,144,200.44. This trade represents a 4.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

TCMD has been the subject of a number of research reports. William Blair raised shares of Tactile Systems Technology to a "strong-buy" rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of Tactile Systems Technology from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, B. Riley restated a "neutral" rating and issued a $13.00 price objective (up previously from $12.00) on shares of Tactile Systems Technology in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.50.

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.