Tactile Systems Technology, Inc. (NASDAQ:TCMD) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 11.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 342,700 shares of the company’s stock after selling 45,988 shares during the quarter. Federated Hermes Inc. owned about 1.46% of Tactile Systems Technology worth $4,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of Tactile Systems Technology during the 3rd quarter worth approximately $29,000. Covestor Ltd grew its stake in shares of Tactile Systems Technology by 69.4% during the 3rd quarter. Covestor Ltd now owns 2,872 shares of the company’s stock worth $40,000 after purchasing an additional 1,177 shares during the period. International Assets Investment Management LLC grew its stake in shares of Tactile Systems Technology by 1,330.0% during the 4th quarter. International Assets Investment Management LLC now owns 2,860 shares of the company’s stock worth $41,000 after purchasing an additional 2,660 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Tactile Systems Technology during the 3rd quarter worth approximately $80,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Tactile Systems Technology during the 3rd quarter worth approximately $153,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Price Performance

Shares of NASDAQ TCMD opened at $14.30 on Friday. The stock has a market capitalization of $339.77 million, a price-to-earnings ratio of 11.92 and a beta of 1.19. Tactile Systems Technology, Inc. has a 12 month low of $9.69 and a 12 month high of $26.11. The firm’s 50 day simple moving average is $15.34 and its 200-day simple moving average is $14.01. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.54 and a quick ratio of 2.99.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.25. Tactile Systems Technology had a net margin of 10.39% and a return on equity of 17.08%. The business had revenue of $77.65 million for the quarter, compared to analysts’ expectations of $78.85 million. During the same quarter last year, the company earned $0.29 EPS. Analysts expect that Tactile Systems Technology, Inc. will post 0.56 EPS for the current year.

Insider Activity

In other news, VP Kristie Burns sold 2,249 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $14.80, for a total transaction of $33,285.20. Following the transaction, the vice president now owns 53,765 shares in the company, valued at approximately $795,722. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, VP Kristie Burns sold 2,249 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $14.80, for a total transaction of $33,285.20. Following the transaction, the vice president now owns 53,765 shares in the company, valued at approximately $795,722. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel L. Reuvers sold 6,239 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $15.81, for a total value of $98,638.59. Following the transaction, the chief executive officer now owns 244,112 shares in the company, valued at approximately $3,859,410.72. The disclosure for this sale can be found here. Insiders have sold 17,520 shares of company stock worth $268,820 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

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.