Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,996 shares of the company’s stock after selling 1,098 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Tactile Systems Technology were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TCMD. Janus Henderson Group PLC acquired a new stake in Tactile Systems Technology in the first quarter valued at approximately $815,000. Paradigm Capital Management Inc. NY boosted its stake in shares of Tactile Systems Technology by 90.1% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after purchasing an additional 561,073 shares during the period. WINTON GROUP Ltd acquired a new stake in Tactile Systems Technology during the 2nd quarter valued at $706,000. Federated Hermes Inc. increased its stake in Tactile Systems Technology by 26.5% during the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock worth $5,178,000 after buying an additional 90,960 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Tactile Systems Technology by 31.5% during the 2nd quarter. Acadian Asset Management LLC now owns 157,925 shares of the company’s stock worth $1,884,000 after buying an additional 37,813 shares during the period. 83.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 5th. StockNews.com downgraded Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Monday. BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a report on Tuesday, November 5th. Finally, B. Riley assumed coverage on Tactile Systems Technology in a research report on Thursday, September 26th. They issued a “buy” rating and a $23.00 target price on the stock.

Tactile Systems Technology Price Performance

Shares of TCMD stock opened at $18.92 on Tuesday. The firm has a fifty day moving average of $14.76 and a two-hundred day moving average of $13.36. The firm has a market cap of $454.08 million, a P/E ratio of 29.11 and a beta of 1.17. Tactile Systems Technology, Inc. has a 1-year low of $11.12 and a 1-year high of $19.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.37 and a quick ratio of 3.80.

Tactile Systems Technology Company 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.