Semanteon Capital Management LP Buys New Holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Semanteon Capital Management LP purchased a new stake in Tactile Systems Technology, Inc. (NASDAQ:TCMD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,771 shares of the company’s stock, valued at approximately $493,000. Semanteon Capital Management LP owned 0.12% of Tactile Systems Technology at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. AlphaQuest LLC acquired a new position in Tactile Systems Technology in the fourth quarter valued at approximately $158,000. Raymond James Financial Inc. acquired a new position in Tactile Systems Technology in the fourth quarter valued at approximately $330,000. Seizert Capital Partners LLC acquired a new position in Tactile Systems Technology in the fourth quarter valued at approximately $281,000. Jones Financial Companies Lllp acquired a new position in Tactile Systems Technology in the fourth quarter valued at approximately $39,000. Finally, Principal Financial Group Inc. lifted its holdings in Tactile Systems Technology by 9.9% in the fourth quarter. Principal Financial Group Inc. now owns 20,401 shares of the company’s stock valued at $349,000 after acquiring an additional 1,836 shares during the period. 83.43% of the stock is owned by institutional investors and hedge funds.

Tactile Systems Technology Trading Down 2.9 %

Shares of TCMD stock opened at $13.29 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 4.36 and a quick ratio of 3.80. The company has a market cap of $313.44 million, a price-to-earnings ratio of 18.99 and a beta of 1.24. The stock has a 50 day simple moving average of $15.89 and a 200-day simple moving average of $15.79. Tactile Systems Technology, Inc. has a 1-year low of $11.12 and a 1-year high of $21.10.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.31 by $0.09. Tactile Systems Technology had a return on equity of 9.37% and a net margin of 5.79%. The firm had revenue of $85.59 million during the quarter, compared to analysts’ expectations of $85.39 million. On average, equities research analysts expect that Tactile Systems Technology, Inc. will post 0.7 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TCMD shares. StockNews.com raised Tactile Systems Technology from a “buy” rating to a “strong-buy” rating in a report on Friday. B. Riley downgraded Tactile Systems Technology from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $23.00 to $18.00 in a research note on Wednesday, February 19th.

Insider Buying and Selling

In related news, VP Kristie Burns sold 4,830 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $14.65, for a total transaction of $70,759.50. Following the completion of the sale, the vice president now directly owns 84,008 shares in the company, valued at approximately $1,230,717.20. The trade was a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel L. Reuvers sold 10,938 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $14.55, for a total value of $159,147.90. Following the completion of the sale, the director now owns 242,942 shares of the company’s stock, valued at approximately $3,534,806.10. The trade was a 4.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,546 shares of company stock worth $285,444. 0.96% of the stock is owned by corporate insiders.

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.