Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD - Free Report) by 78.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,343 shares of the company's stock after selling 118,044 shares during the period. Allspring Global Investments Holdings LLC owned about 0.14% of Tactile Systems Technology worth $463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its position in shares of Tactile Systems Technology by 3.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 45,813 shares of the company's stock worth $644,000 after purchasing an additional 1,504 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Tactile Systems Technology by 6.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 126,314 shares of the company's stock worth $1,775,000 after purchasing an additional 8,113 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Tactile Systems Technology in the 3rd quarter worth approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Tactile Systems Technology in the 3rd quarter worth approximately $80,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Tactile Systems Technology in the 3rd quarter worth approximately $237,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Kristie Burns sold 2,249 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $14.80, for a total transaction of $33,285.20. Following the completion of the transaction, the vice president now owns 53,765 shares in the company, valued at approximately $795,722. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tactile Systems Technology news, VP Kristie Burns sold 2,249 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $14.80, for a total transaction of $33,285.20. Following the transaction, the vice president now owns 53,765 shares in the company, valued at approximately $795,722. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel L. Reuvers sold 5,378 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $14.85, for a total transaction of $79,863.30. Following the transaction, the chief executive officer now owns 192,321 shares in the company, valued at approximately $2,855,966.85. The disclosure for this sale can be found here. Insiders sold a total of 17,520 shares of company stock worth $268,820 in the last 90 days. 0.96% of the stock is owned by corporate insiders.

Tactile Systems Technology Stock Up 0.2 %

Shares of TCMD traded up $0.03 during mid-day trading on Friday, hitting $14.30. The company's stock had a trading volume of 245,007 shares, compared to its average volume of 284,734. The company has a current ratio of 3.54, a quick ratio of 2.99 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $339.77 million, a price-to-earnings ratio of 11.92 and a beta of 1.19. The company's 50-day moving average is $15.34 and its 200-day moving average is $14.01. Tactile Systems Technology, Inc. has a 52-week low of $9.69 and a 52-week high of $26.11.

Tactile Systems Technology (NASDAQ:TCMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.13 by $0.25. The firm had revenue of $77.65 million during the quarter, compared to analyst estimates of $78.85 million. Tactile Systems Technology had a net margin of 10.39% and a return on equity of 17.08%. During the same quarter in the previous year, the business posted $0.29 EPS. On average, equities research analysts forecast that Tactile Systems Technology, Inc. will post 0.56 EPS for the current fiscal 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.