Short Interest in Tactile Systems Technology, Inc. (NASDAQ:TCMD) Grows By 53.9%

Tactile Systems Technology, Inc. (NASDAQ:TCMDGet Free Report) was the recipient of a large increase in short interest during the month of February. As of February 29th, there was short interest totalling 1,420,000 shares, an increase of 53.9% from the February 14th total of 922,700 shares. Based on an average trading volume of 326,200 shares, the days-to-cover ratio is presently 4.4 days.

Tactile Systems Technology Stock Up 2.7 %

Tactile Systems Technology stock traded up $0.44 during mid-day trading on Friday, reaching $16.75. 598,973 shares of the company’s stock were exchanged, compared to its average volume of 330,542. The company has a market cap of $395.30 million, a P/E ratio of 13.96 and a beta of 1.18. Tactile Systems Technology has a twelve month low of $9.69 and a twelve month high of $26.11. The company has a quick ratio of 2.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $15.01 and a 200-day moving average of $14.12.

Tactile Systems Technology (NASDAQ:TCMDGet Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.38 earnings per share (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 company had revenue of $77.65 million for the quarter, compared to analyst estimates of $78.85 million. During the same period in the prior year, the business earned $0.29 EPS. Sell-side analysts expect that Tactile Systems Technology will post 0.56 EPS for the current year.

Insider Transactions at Tactile Systems Technology

In other news, CEO Daniel L. Reuvers sold 6,239 shares of the company’s 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 directly owns 244,112 shares in the company, valued at approximately $3,859,410.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tactile Systems Technology news, 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 transaction of $98,638.59. Following the sale, the chief executive officer now directly owns 244,112 shares in the company, valued at approximately $3,859,410.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Daniel L. Reuvers sold 5,378 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $14.85, for a total transaction of $79,863.30. Following the sale, the chief executive officer now owns 192,321 shares in the company, valued at $2,855,966.85. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,520 shares of company stock worth $268,820. 0.96% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Tactile Systems Technology

A number of large investors have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its position in shares of Tactile Systems Technology by 118.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 230,536 shares of the company’s stock valued at $3,297,000 after purchasing an additional 124,814 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Tactile Systems Technology by 228.3% in the 4th quarter. GSA Capital Partners LLP now owns 36,040 shares of the company’s stock valued at $515,000 after purchasing an additional 25,062 shares during the last quarter. Virtus Investment Advisers Inc. purchased a new stake in shares of Tactile Systems Technology in the 4th quarter valued at approximately $129,000. Barclays PLC increased its position in shares of Tactile Systems Technology by 81.6% in the 4th quarter. Barclays PLC now owns 65,466 shares of the company’s stock valued at $936,000 after purchasing an additional 29,425 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of Tactile Systems Technology by 33.3% in the 4th quarter. Voya Investment Management LLC now owns 24,559 shares of the company’s stock valued at $351,000 after purchasing an additional 6,138 shares during the last quarter. 85.97% of the stock is owned by hedge funds and other institutional investors.

About Tactile Systems Technology

(Get Free Report)

Tactile Systems Technology, Inc, a medical technology company, develops and provides medical devices for the treatment of underserved chronic diseases in the United States. It offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre 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; Kylee, a mobile application to help patients learn about lymphedema, track their symptoms, treatment, and share their progress with their doctor; and AffloVest, a portable high frequency chest wall oscillation vest for the treatment of retained pulmonary secretions, such as bronchiectasis, cystic fibrosis, and various neuromuscular disorders.

See Also

Receive News & Ratings for Tactile Systems Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tactile Systems Technology and related companies with MarketBeat.com's FREE daily email newsletter.