Carlson Capital Management boosted its position in Tactile Systems Technology Inc (NASDAQ:TCMD) by 406.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,907 shares of the company’s stock after purchasing an additional 90,603 shares during the quarter. Tactile Systems Technology comprises about 0.9% of Carlson Capital Management’s portfolio, making the stock its 15th biggest holding. Carlson Capital Management’s holdings in Tactile Systems Technology were worth $3,272,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Tactile Systems Technology by 39.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,435 shares of the company’s stock valued at $127,000 after acquiring an additional 1,252 shares during the period. Nationwide Fund Advisors lifted its position in shares of Tactile Systems Technology by 201.8% during the 2nd quarter. Nationwide Fund Advisors now owns 5,170 shares of the company’s stock valued at $148,000 after acquiring an additional 3,457 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Tactile Systems Technology by 10,882.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after acquiring an additional 7,400 shares during the period. Koch Industries Inc. bought a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at $217,000. Finally, White Pine Capital LLC bought a new stake in shares of Tactile Systems Technology during the 2nd quarter valued at $254,000. Institutional investors and hedge funds own 71.68% of the company’s stock.
In other Tactile Systems Technology news, VP Bryan Rishe sold 1,500 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $31.87, for a total value of $47,805.00. Following the completion of the transaction, the vice president now owns 106,807 shares of the company’s stock, valued at approximately $3,403,939.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cheryl Pegus bought 1,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was purchased at an average cost of $27.86 per share, with a total value of $27,860.00. Following the acquisition, the director now owns 2,184 shares in the company, valued at $60,846.24. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 181,045 shares of company stock valued at $5,097,096. 49.90% of the stock is owned by corporate insiders.
Tactile Systems Technology (NASDAQ:TCMD) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 earnings per share for the quarter, topping the 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 during the quarter, compared to the consensus estimate of $27.66 million. During the same period in the prior year, the company earned $0.01 EPS. Tactile Systems Technology’s revenue for the quarter was up 25.0% on a year-over-year basis. sell-side analysts anticipate that Tactile Systems Technology Inc will post 0.34 EPS for the current fiscal year.
A number of analysts have recently weighed in on TCMD shares. Guggenheim started coverage on Tactile Systems Technology in a research report on Thursday, October 12th. They set a “buy” rating and a $47.00 target price for the company. Northland Securities started coverage on Tactile Systems Technology in a research report on Tuesday, October 17th. They set a “market perform” rating for the company. Zacks Investment Research upgraded Tactile Systems Technology from a “hold” rating to a “strong-buy” rating and set a $28.00 target price for the company in a research report on Friday, November 10th. Sidoti started coverage on Tactile Systems Technology in a research report on Friday, December 8th. They set a “neutral” rating for the company. Finally, BTIG Research downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $34.25.
COPYRIGHT VIOLATION NOTICE: This news story was posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2018/01/08/carlson-capital-management-purchases-90603-shares-of-tactile-systems-technology-inc-tcmd.html.
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.
Want to see what other hedge funds are holding TCMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tactile Systems Technology Inc (NASDAQ:TCMD).
What are top analysts saying about Tactile Systems Technology? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Tactile Systems Technology and related companies.