Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 269,431 shares of the company’s stock after purchasing an additional 4,961 shares during the quarter. AQR Capital Management LLC owned approximately 1.13% of Tactile Systems Technology worth $3,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First Light Asset Management LLC grew its position in shares of Tactile Systems Technology by 38.1% in the fourth quarter. First Light Asset Management LLC now owns 2,859,954 shares of the company’s stock valued at $40,897,000 after purchasing an additional 788,535 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Tactile Systems Technology in the first quarter worth about $815,000. Wasatch Advisors LP acquired a new position in Tactile Systems Technology during the 1st quarter valued at about $8,687,000. Paradigm Capital Management Inc. NY lifted its stake in shares of Tactile Systems Technology by 90.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,183,800 shares of the company’s stock valued at $14,135,000 after purchasing an additional 561,073 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Tactile Systems Technology in the 2nd quarter valued at $706,000. 83.43% of the stock is owned by hedge funds and other institutional investors.

Tactile Systems Technology Trading Down 3.5 %

Shares of NASDAQ TCMD opened at $13.95 on Tuesday. The firm has a 50 day moving average price of $13.38 and a two-hundred day moving average price of $13.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.89 and a current ratio of 4.44. The stock has a market cap of $331.48 million, a P/E ratio of 11.63 and a beta of 1.18. Tactile Systems Technology, Inc. has a 52-week low of $9.69 and a 52-week high of $16.95.

Tactile Systems Technology (NASDAQ:TCMD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $73.22 million for the quarter, compared to analysts’ expectations of $72.62 million. Tactile Systems Technology had a net margin of 11.57% and a return on equity of 16.94%. As a group, equities analysts forecast that Tactile Systems Technology, Inc. will post 0.64 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. B. Riley started coverage on shares of Tactile Systems Technology in a research report on Thursday, September 26th. They set a “buy” rating and a $23.00 price objective for the company. StockNews.com upgraded Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th.

Tactile Systems Technology Company 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.