Kent Lake Capital LLC Cuts Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Kent Lake Capital LLC lowered its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 205,050 shares of the company's stock after selling 194,950 shares during the quarter. Kent Lake Capital LLC owned about 0.87% of Tactile Systems Technology worth $2,932,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TCMD. Cadian Capital Management LP purchased a new stake in Tactile Systems Technology in the 4th quarter worth about $24,954,000. Millennium Management LLC grew its holdings in Tactile Systems Technology by 426.6% during the 2nd quarter. Millennium Management LLC now owns 973,542 shares of the company's stock valued at $7,107,000 after buying an additional 788,667 shares in the last quarter. Perceptive Advisors LLC purchased a new position in Tactile Systems Technology during the 1st quarter valued at about $10,507,000. Renaissance Technologies LLC purchased a new position in Tactile Systems Technology during the 2nd quarter valued at about $2,978,000. Finally, JPMorgan Chase & Co. grew its holdings in Tactile Systems Technology by 420.7% during the 4th quarter. JPMorgan Chase & Co. now owns 341,236 shares of the company's stock valued at $3,917,000 after buying an additional 275,704 shares in the last quarter. Hedge funds and other institutional investors own 83.43% of the company's stock.

Tactile Systems Technology Price Performance

TCMD stock traded up $0.55 during mid-day trading on Friday, reaching $15.80. 288,164 shares of the company traded hands, compared to its average volume of 254,203. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.54 and a quick ratio of 2.99. The company has a market capitalization of $375.41 million, a P/E ratio of 13.17 and a beta of 1.19. Tactile Systems Technology, Inc. has a 52-week low of $9.69 and a 52-week high of $26.11. The company has a fifty day moving average price of $15.50 and a 200-day moving average price of $13.89.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.25. The business had revenue of $77.65 million during the quarter, compared to analyst estimates of $78.85 million. Tactile Systems Technology had a return on equity of 17.08% and a net margin of 10.39%. During the same quarter in the previous year, the firm earned $0.29 EPS. As a group, analysts anticipate that Tactile Systems Technology, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling at Tactile Systems Technology

In other news, VP Kristie Burns sold 2,015 shares of Tactile Systems Technology stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.90, for a total transaction of $32,038.50. Following the completion of the sale, the vice president now owns 63,512 shares in the company, valued at approximately $1,009,840.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Kristie Burns sold 2,015 shares of Tactile Systems Technology stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $15.90, for a total transaction of $32,038.50. Following the completion of the sale, the vice president now owns 63,512 shares in the company, valued at approximately $1,009,840.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Daniel L. Reuvers sold 6,239 shares of Tactile Systems Technology stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $15.81, for a total value of $98,638.59. Following the sale, the chief executive officer now owns 244,112 shares of the company's stock, valued at approximately $3,859,410.72. The disclosure for this sale can be found here. Insiders sold 17,520 shares of company stock valued at $268,820 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.

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.