Rehmann Capital Advisory Group Acquires Shares of 7,539 Tactile Systems Technology Inc (TCMD)

Rehmann Capital Advisory Group acquired a new stake in shares of Tactile Systems Technology Inc (NASDAQ:TCMD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,539 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also modified their holdings of TCMD. MetLife Investment Advisors LLC purchased a new position in Tactile Systems Technology during the fourth quarter valued at approximately $139,000. Municipal Employees Retirement System of Michigan purchased a new position in Tactile Systems Technology during the fourth quarter valued at approximately $158,000. Advisors Preferred LLC purchased a new position in Tactile Systems Technology during the fourth quarter valued at approximately $160,000. The Manufacturers Life Insurance Company increased its holdings in Tactile Systems Technology by 10,882.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,468 shares of the company’s stock valued at $213,000 after buying an additional 7,400 shares during the period. Finally, State of Tennessee Treasury Department purchased a new position in Tactile Systems Technology during the fourth quarter valued at approximately $254,000. 89.65% of the stock is currently owned by institutional investors.

In other Tactile Systems Technology news, CEO Gerald R. Mattys sold 23,056 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $29.39, for a total value of $677,615.84. Following the completion of the sale, the chief executive officer now directly owns 309,331 shares in the company, valued at $9,091,238.09. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gerald R. Mattys sold 25,239 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $28.51, for a total transaction of $719,563.89. Following the completion of the sale, the chief executive officer now owns 321,857 shares of the company’s stock, valued at $9,176,143.07. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 316,011 shares of company stock valued at $9,899,787. 49.90% of the stock is owned by insiders.

Shares of TCMD stock opened at $31.00 on Friday. The firm has a market cap of $565.86, a P/E ratio of 103.34, a price-to-earnings-growth ratio of 5.15 and a beta of 0.11. Tactile Systems Technology Inc has a one year low of $16.69 and a one year high of $37.88.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. Northland Securities downgraded shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. Canaccord Genuity restated a “buy” rating and issued a $37.00 target price on shares of Tactile Systems Technology in a research note on Wednesday, January 3rd. BidaskClub upgraded shares of Tactile Systems Technology from a “sell” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Sidoti initiated coverage on shares of Tactile Systems Technology in a research note on Friday, December 8th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.90.

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Tactile Systems Technology Profile

Tactile Systems Technology, Inc is a medical technology company that develops and provides medical devices for the treatment of chronic diseases at home. The Company is a manufacturer and distributor of the Flexitouch and Entre Systems, medical devices that help control symptoms of lymphedema, a chronic and progressive medical condition that is often an unintended consequence of cancer treatment, and the ACTitouch System, a medical device used to treat venous leg ulcers and chronic venous insufficiency.

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Institutional Ownership by Quarter for Tactile Systems Technology (NASDAQ:TCMD)

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