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

Royce & Associates LP increased its position in Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 2.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 612,979 shares of the company’s stock after buying an additional 14,780 shares during the period. Royce & Associates LP owned 2.58% of Tactile Systems Technology worth $8,956,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TCMD. Arcadia Investment Management Corp MI bought a new stake in Tactile Systems Technology in the third quarter worth approximately $29,000. Quarry LP bought a new stake in Tactile Systems Technology in the second quarter worth $46,000. Magnetar Financial LLC acquired a new position in Tactile Systems Technology during the second quarter worth $130,000. SG Americas Securities LLC bought a new position in Tactile Systems Technology during the third quarter valued at about $156,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of Tactile Systems Technology in the second quarter worth about $166,000. Institutional investors own 83.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Oppenheimer lowered Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. B. Riley initiated coverage on Tactile Systems Technology in a report on Thursday, September 26th. They set a “buy” rating and a $23.00 price target on the stock. 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. Finally, BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Stock Performance

TCMD opened at $15.66 on Monday. The company has a quick ratio of 3.80, a current ratio of 4.37 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average price is $14.37 and its two-hundred day moving average price is $13.26. The firm has a market capitalization of $375.79 million, a P/E ratio of 24.09 and a beta of 1.17. Tactile Systems Technology, Inc. has a 12-month low of $10.91 and a 12-month high of $16.95.

Tactile Systems Technology Company 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.