Guggenheim Capital LLC Takes Position in Tactile Systems Technology, Inc. (NASDAQ:TCMD)


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Guggenheim Capital LLC purchased a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,220 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Tactile Systems Technology by 0.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 238,448 shares of the company’s stock valued at $10,716,000 after buying an additional 2,020 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Tactile Systems Technology by 8.9% in the 4th quarter. Gabelli Funds LLC now owns 6,115 shares of the company’s stock valued at $275,000 after buying an additional 500 shares during the period. Summit Creek Advisors LLC lifted its holdings in shares of Tactile Systems Technology by 100.5% in the 4th quarter. Summit Creek Advisors LLC now owns 174,551 shares of the company’s stock valued at $7,844,000 after buying an additional 87,504 shares during the period. Royce & Associates LP lifted its holdings in shares of Tactile Systems Technology by 56.4% in the 4th quarter. Royce & Associates LP now owns 11,381 shares of the company’s stock valued at $511,000 after buying an additional 4,105 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Tactile Systems Technology by 10.8% in the 4th quarter. Janus Henderson Group PLC now owns 27,408 shares of the company’s stock valued at $1,232,000 after buying an additional 2,664 shares during the period.

Shares of TCMD stock opened at $56.60 on Friday. The stock has a fifty day moving average price of $51.85 and a 200 day moving average price of $46.81. The stock has a market cap of $1.11 billion, a PE ratio of -125.77, a P/E/G ratio of 10.36 and a beta of 1.69. Tactile Systems Technology, Inc. has a 1 year low of $30.31 and a 1 year high of $64.53.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings data on Tuesday, February 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.39. Tactile Systems Technology had a positive return on equity of 1.37% and a negative net margin of 4.57%. As a group, sell-side analysts anticipate that Tactile Systems Technology, Inc. will post 0.09 EPS for the current year.

Several analysts have recently commented on the company. TheStreet raised Tactile Systems Technology from a “d+” rating to a “c” rating in a report on Tuesday, February 23rd. BTIG Research lifted their price objective on Tactile Systems Technology from $51.00 to $60.00 and gave the stock an “in-line” rating in a report on Monday, January 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Tactile Systems Technology currently has an average rating of “Hold” and an average price target of $59.00.

Tactile Systems Technology Company Profile

Tactile Systems Technology, Inc, a medical technology company, engages in the development and provision of medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; and Entre system, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including venous leg ulcers.

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

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