Tactile Systems Technology Inc (NASDAQ:TCMD) COO Robert J. Folkes sold 2,483 shares of Tactile Systems Technology stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $29.25, for a total value of $72,627.75. Following the sale, the chief operating officer now owns 122,260 shares of the company’s stock, valued at $3,576,105. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Tactile Systems Technology Inc (NASDAQ TCMD) opened at $30.76 on Tuesday. Tactile Systems Technology Inc has a one year low of $14.37 and a one year high of $37.88. The firm has a market capitalization of $544.51 and a P/E ratio of 96.13.
Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. Tactile Systems Technology had a return on equity of 4.75% and a net margin of 5.84%. The business had revenue of $28.28 million for the quarter, compared to the consensus estimate of $27.66 million. During the same period last year, the business earned $0.01 EPS. The firm’s revenue was up 25.0% compared to the same quarter last year. equities analysts anticipate that Tactile Systems Technology Inc will post 0.34 EPS for the current year.
Several hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its stake in shares of Tactile Systems Technology by 27.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 61,327 shares of the company’s stock valued at $1,778,000 after acquiring an additional 13,315 shares in the last quarter. Wasatch Advisors Inc. increased its position in Tactile Systems Technology by 33.9% in the 4th quarter. Wasatch Advisors Inc. now owns 93,349 shares of the company’s stock worth $2,705,000 after buying an additional 23,620 shares during the period. Carlson Capital Management increased its position in Tactile Systems Technology by 406.2% in the 4th quarter. Carlson Capital Management now owns 112,907 shares of the company’s stock worth $3,272,000 after buying an additional 90,603 shares during the period. Chicago Partners Investment Group LLC bought a new position in Tactile Systems Technology in the 3rd quarter worth approximately $416,000. Finally, Public Employees Retirement System of Ohio increased its position in Tactile Systems Technology by 58.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 135,000 shares of the company’s stock worth $4,178,000 after buying an additional 50,000 shares during the period. 72.32% of the stock is currently owned by institutional investors and hedge funds.
Tactile Systems Technology Company Profile
Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.
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