Mutual of America Capital Management LLC Sells 5,112 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Mutual of America Capital Management LLC lessened its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,094 shares of the company’s stock after selling 5,112 shares during the period. Mutual of America Capital Management LLC owned about 0.50% of Tactile Systems Technology worth $1,410,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. First Light Asset Management LLC grew its holdings in Tactile Systems Technology by 38.1% during the fourth quarter. First Light Asset Management LLC now owns 2,859,954 shares of the company’s stock worth $40,897,000 after purchasing an additional 788,535 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Tactile Systems Technology in the first quarter valued at approximately $815,000. Wasatch Advisors LP bought a new position in shares of Tactile Systems Technology during the 1st quarter worth approximately $8,687,000. WINTON GROUP Ltd acquired a new position in shares of Tactile Systems Technology during the 2nd quarter worth approximately $706,000. Finally, Federated Hermes Inc. increased its holdings in shares of Tactile Systems Technology by 26.5% during the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock worth $5,178,000 after acquiring an additional 90,960 shares during the last quarter. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TCMD has been the subject of a number of research analyst reports. StockNews.com raised shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 20th. B. Riley started coverage on shares of Tactile Systems Technology in a report on Thursday. They set a “buy” rating and a $23.00 target price for the company.

Tactile Systems Technology Price Performance

Tactile Systems Technology stock opened at $14.35 on Friday. The company has a market capitalization of $340.98 million, a price-to-earnings ratio of 11.96 and a beta of 1.17. The company has a current ratio of 4.44, a quick ratio of 3.89 and a debt-to-equity ratio of 0.12. Tactile Systems Technology, Inc. has a 12 month low of $9.69 and a 12 month high of $16.95. The stock’s 50 day moving average is $13.14 and its 200-day moving average is $13.46.

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

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.