Tactile Systems Technology (NASDAQ:TCMD) Shares Acquired Sen. Tina Smith

Senator Tina Smith (D-Minnesota) recently bought shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD). In a filing disclosed on November 21st, the Senator disclosed that they had bought between $50,001 and $100,000 in Tactile Systems Technology stock on November 12th.

Tactile Systems Technology Stock Performance

Shares of Tactile Systems Technology stock opened at $17.85 on Friday. Tactile Systems Technology, Inc. has a one year low of $11.12 and a one year high of $17.90. The company has a market capitalization of $428.40 million, a PE ratio of 27.46 and a beta of 1.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. The company has a 50-day simple moving average of $14.66 and a two-hundred day simple moving average of $13.34.

Hedge Funds Weigh In On Tactile Systems Technology

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC purchased a new stake in Tactile Systems Technology during the 1st quarter worth approximately $815,000. Paradigm Capital Management Inc. NY grew its holdings in shares of Tactile Systems Technology by 90.1% during 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 buying an additional 561,073 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Tactile Systems Technology during the second quarter valued at $706,000. Federated Hermes Inc. increased its position in shares of Tactile Systems Technology by 26.5% in the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock valued at $5,178,000 after acquiring an additional 90,960 shares during the period. Finally, Acadian Asset Management LLC raised its stake in Tactile Systems Technology by 31.5% in the 2nd quarter. Acadian Asset Management LLC now owns 157,925 shares of the company’s stock worth $1,884,000 after acquiring an additional 37,813 shares during the last quarter. 83.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TCMD. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Oppenheimer lowered shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. B. Riley started coverage on Tactile Systems Technology in a report on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective for the company. Finally, StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th.

About Senator Smith

Tina Smith (Democratic Party) is a member of the U.S. Senate from Minnesota. She assumed office on January 3, 2018. Her current term ends on January 3, 2027. Smith (Democratic Party) ran for re-election to the U.S. Senate to represent Minnesota. She won in the general election on November 3, 2020. Smith succeeded former Senator Al Franken (D). She assumed office on January 3, 2018. Smith won a full term in the special general election for the position on November 6, 2018. She defeated Karin Housley (R), Sarah Wellington (Legal Marijuana Now Party), and Jerry Trooien (Unaffiliated) to win the seat. She advanced to the general election after defeating five challengers in the special Democratic primary election on August 14, 2018. Smith previously served as the 48th lieutenant governor of Minnesota. She was elected to the position on a joint ticket with incumbent Governor Mark Dayton on November 4, 2014, and was sworn into office on January 5, 2015.

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.