Dynamic Technology Lab Private Ltd Invests $534,000 in Tactile Systems Technology, Inc. $TCMD

Dynamic Technology Lab Private Ltd acquired a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,374 shares of the company’s stock, valued at approximately $534,000. Dynamic Technology Lab Private Ltd owned approximately 0.17% of Tactile Systems Technology at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in Tactile Systems Technology by 64,350.0% during the 1st quarter. GAMMA Investing LLC now owns 2,578 shares of the company’s stock valued at $34,000 after purchasing an additional 2,574 shares during the period. Virtus Fund Advisers LLC lifted its position in shares of Tactile Systems Technology by 142.0% in the 4th quarter. Virtus Fund Advisers LLC now owns 4,199 shares of the company’s stock worth $72,000 after purchasing an additional 2,464 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Tactile Systems Technology during the first quarter valued at approximately $138,000. Algert Global LLC purchased a new position in Tactile Systems Technology during the first quarter valued at approximately $160,000. Finally, Squarepoint Ops LLC bought a new position in Tactile Systems Technology in the fourth quarter worth approximately $239,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. William Blair upgraded Tactile Systems Technology to a “strong-buy” rating in a report on Tuesday, August 5th. Wall Street Zen raised Tactile Systems Technology from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, B. Riley reaffirmed a “neutral” rating and set a $13.00 price objective (up previously from $12.00) on shares of Tactile Systems Technology in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Tactile Systems Technology currently has an average rating of “Hold” and a consensus price target of $13.50.

Tactile Systems Technology Price Performance

NASDAQ TCMD opened at $13.26 on Thursday. The firm’s fifty day simple moving average is $11.60 and its two-hundred day simple moving average is $11.91. The firm has a market capitalization of $295.57 million, a P/E ratio of 21.39 and a beta of 1.04. The company has a current ratio of 3.79, a quick ratio of 3.36 and a debt-to-equity ratio of 0.11. Tactile Systems Technology, Inc. has a 12-month low of $8.61 and a 12-month high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.05. Tactile Systems Technology had a return on equity of 7.72% and a net margin of 5.06%.The firm had revenue of $78.91 million during the quarter, compared to analysts’ expectations of $73.93 million. Tactile Systems Technology has set its FY 2025 guidance at EPS. Analysts forecast that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Sheri Louise Dodd sold 7,762 shares of the business’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $12.36, for a total transaction of $95,938.32. Following the sale, the chief executive officer owned 173,479 shares in the company, valued at approximately $2,144,200.44. The trade was a 4.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

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.