Royce & Associates LP Has $8.96 Million Holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Royce & Associates LP boosted its stake in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,979 shares of the company’s stock after purchasing an additional 14,780 shares during the quarter. Royce & Associates LP’s holdings in Tactile Systems Technology were worth $8,956,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Tactile Systems Technology by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,383,366 shares of the company’s stock valued at $22,480,000 after purchasing an additional 13,350 shares during the last quarter. Paradigm Capital Management Inc. NY raised its stake in Tactile Systems Technology by 90.1% during 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 last quarter. Federated Hermes Inc. raised its stake in Tactile Systems Technology by 26.5% during the 2nd quarter. Federated Hermes Inc. now owns 433,660 shares of the company’s stock valued at $5,178,000 after purchasing an additional 90,960 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Tactile Systems Technology by 324.9% in the 2nd quarter. Pinnacle Associates Ltd. now owns 317,024 shares of the company’s stock valued at $3,785,000 after buying an additional 242,413 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Tactile Systems Technology by 1.9% in the 2nd quarter. AQR Capital Management LLC now owns 269,431 shares of the company’s stock valued at $3,217,000 after buying an additional 4,961 shares in the last quarter. 83.43% of the stock is currently owned by institutional investors and hedge funds.

Tactile Systems Technology Stock Up 0.2 %

TCMD opened at $15.66 on Monday. The firm’s 50-day simple moving average is $14.37 and its 200-day simple moving average is $13.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.80 and a current ratio of 4.37. Tactile Systems Technology, Inc. has a twelve month low of $10.91 and a twelve month high of $16.95. The firm has a market cap of $375.79 million, a price-to-earnings ratio of 24.09 and a beta of 1.17.

Wall Street Analysts Forecast Growth

TCMD has been the subject of a number of recent research reports. Oppenheimer cut shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. B. Riley initiated coverage on shares of Tactile Systems Technology in a research note on Thursday, September 26th. They issued a “buy” rating and a $23.00 price objective for the company. BTIG Research cut shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 20th.

Tactile Systems Technology 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.