Rice Hall James & Associates LLC Sells 10,289 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Rice Hall James & Associates LLC decreased its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 5.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 168,037 shares of the company’s stock after selling 10,289 shares during the period. Rice Hall James & Associates LLC owned approximately 0.71% of Tactile Systems Technology worth $2,006,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new position in shares of Tactile Systems Technology in the 1st quarter worth about $32,000. RiverPark Advisors LLC grew its stake in Tactile Systems Technology by 802.5% during the first quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock worth $140,000 after purchasing an additional 7,656 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Tactile Systems Technology during the first quarter worth approximately $166,000. Cornerstone Investment Partners LLC bought a new stake in Tactile Systems Technology in the first quarter worth approximately $167,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Tactile Systems Technology in the first quarter valued at approximately $171,000. Institutional investors own 83.43% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 14th.

Tactile Systems Technology Trading Down 0.8 %

NASDAQ:TCMD opened at $13.15 on Thursday. Tactile Systems Technology, Inc. has a 12 month low of $9.69 and a 12 month high of $18.32. The company has a current ratio of 4.44, a quick ratio of 3.89 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $312.44 million, a price-to-earnings ratio of 10.96 and a beta of 1.17. The firm has a fifty day simple moving average of $12.73 and a two-hundred day simple moving average of $13.56.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings data on Monday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. The company had revenue of $73.22 million for the quarter, compared to analysts’ expectations of $72.62 million. Analysts expect that Tactile Systems Technology, Inc. will post 0.63 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.