Tocqueville Asset Management L.P. Has $2.73 Million Position in Tactile Systems Technology, Inc. $TCMD

Key Points

• Tocqueville Asset Management L.P. has decreased its stake in Tactile Systems Technology by 22.5%, selling 60,000 shares during the first quarter, leaving them with a total of 206,700 shares.
• Despite the decrease by Tocqueville, several other institutional investors, including Vanguard Group and Dimensional Fund Advisors, have increased their holdings in the company.
• Analyst ratings on Tactile Systems Technology vary, with some analysts upgrading the company to a "strong-buy," while others maintain a more cautious "neutral" stance.

Tocqueville Asset Management L.P. lessened its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 22.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,700 shares of the company's stock after selling 60,000 shares during the quarter. Tocqueville Asset Management L.P. owned about 0.89% of Tactile Systems Technology worth $2,733,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Tactile Systems Technology by 64,350.0% during the 1st quarter. GAMMA Investing LLC now owns 2,578 shares of the company's stock worth $34,000 after purchasing an additional 2,574 shares during the period. Virtus Fund Advisers LLC increased its holdings in shares of Tactile Systems Technology by 142.0% during the 4th quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company's stock worth $72,000 after purchasing an additional 2,464 shares during the period. Quarry LP bought a new position in shares of Tactile Systems Technology during the 4th quarter worth about $81,000. Legal & General Group Plc increased its holdings in shares of Tactile Systems Technology by 33.2% during the 4th quarter. Legal & General Group Plc now owns 6,257 shares of the company's stock worth $107,000 after purchasing an additional 1,558 shares during the period. Finally, State of Tennessee Department of Treasury bought a new position in shares of Tactile Systems Technology during the 4th quarter worth about $145,000. Institutional investors own 83.43% of the company's stock.

Insider Buying and Selling

In other Tactile Systems Technology news, CEO Sheri Louise Dodd sold 7,762 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $12.36, for a total value of $95,938.32. Following the transaction, the chief executive officer directly owned 173,479 shares in the company, valued at $2,144,200.44. The trade was a 4.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by company insiders.

Tactile Systems Technology Price Performance

NASDAQ:TCMD traded up $0.5210 on Friday, reaching $13.2210. The stock had a trading volume of 148,519 shares, compared to its average volume of 277,105. The company has a market capitalization of $294.72 million, a P/E ratio of 21.32 and a beta of 0.96. Tactile Systems Technology, Inc. has a 1-year low of $8.61 and a 1-year 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. The stock has a fifty day moving average price of $10.71 and a 200-day moving average price of $12.25.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.05. The firm had revenue of $78.91 million for the quarter, compared to analyst estimates 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. Research analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current year.

Wall Street Analyst Weigh In

TCMD has been the topic of several recent research reports. B. Riley reiterated a "neutral" rating and set a $13.00 target price (up from $12.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 5th. Piper Sandler lowered shares of Tactile Systems Technology from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $25.00 to $14.00 in a research report on Tuesday, May 6th. William Blair upgraded shares of Tactile Systems Technology to a "strong-buy" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen upgraded shares of Tactile Systems Technology from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Tactile Systems Technology presently has an average rating of "Hold" and an average target price of $13.50.

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.