21,800 Shares in Tactile Systems Technology, Inc. (NASDAQ:TCMD) Acquired by Bailard Inc.

Bailard Inc. acquired a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 21,800 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors have also recently bought and sold shares of TCMD. Arcadia Investment Management Corp MI lifted its position in Tactile Systems Technology by 94.8% during the 1st quarter. Arcadia Investment Management Corp MI now owns 1,570 shares of the company’s stock worth $25,000 after buying an additional 764 shares in the last quarter. Palisade Asset Management LLC bought a new position in shares of Tactile Systems Technology in the first quarter worth about $32,000. International Assets Investment Management LLC lifted its position in shares of Tactile Systems Technology by 1,330.0% during the fourth 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 in the last quarter. RiverPark Advisors LLC grew its stake in shares of Tactile Systems Technology by 802.5% during the first quarter. RiverPark Advisors LLC now owns 8,610 shares of the company’s stock valued at $140,000 after purchasing an additional 7,656 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Tactile Systems Technology in the first quarter valued at approximately $166,000. Institutional investors own 83.43% of the company’s stock.

Tactile Systems Technology Price Performance

Tactile Systems Technology stock opened at $13.25 on Tuesday. The business’s 50-day simple moving average is $12.28 and its 200 day simple moving average is $13.69. The company has a quick ratio of 3.89, a current ratio of 4.44 and a debt-to-equity ratio of 0.12. The stock has a market cap of $314.82 million, a price-to-earnings ratio of 11.04 and a beta of 1.18. Tactile Systems Technology, Inc. has a 12-month low of $9.69 and a 12-month high of $19.80.

Tactile Systems Technology (NASDAQ:TCMD) last issued its earnings results on Monday, August 5th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.10. The company had revenue of $73.22 million for the quarter, compared to analyst estimates 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, research analysts anticipate that Tactile Systems Technology, Inc. will post 0.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 14th.

About Tactile Systems Technology

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.