William W. Burke Sells 2,000 Shares of Tactile Systems Technology, Inc. (TCMD) Stock
Tactile Systems Technology, Inc. (NASDAQ:TCMD) Director William W. Burke sold 2,000 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.86, for a total transaction of $57,720.00. Following the completion of the transaction, the director now directly owns 6,306 shares of the company’s stock, valued at $181,991.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Tactile Systems Technology, Inc. (NASDAQ:TCMD) traded down $0.82 during midday trading on Tuesday, reaching $27.19. 176,215 shares of the company’s stock traded hands, compared to its average volume of 204,071. The stock has a market capitalization of $495.83 and a price-to-earnings ratio of 194.13. Tactile Systems Technology, Inc. has a 52 week low of $14.37 and a 52 week high of $37.88.
Tactile Systems Technology (NASDAQ:TCMD) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $28.28 million during the quarter, compared to analyst estimates of $27.66 million. Tactile Systems Technology had a net margin of 5.84% and a return on equity of 4.75%. Tactile Systems Technology’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. sell-side analysts predict that Tactile Systems Technology, Inc. will post 0.31 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TCMD. Peregrine Capital Management LLC purchased a new position in Tactile Systems Technology during the third quarter worth $16,984,000. Russell Investments Group Ltd. purchased a new position in Tactile Systems Technology during the second quarter worth $13,304,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Tactile Systems Technology during the second quarter valued at $12,489,000. Koch Industries Inc. purchased a new stake in shares of Tactile Systems Technology during the second quarter valued at $217,000. Finally, Lord Abbett & CO. LLC boosted its stake in shares of Tactile Systems Technology by 108.3% during the second quarter. Lord Abbett & CO. LLC now owns 371,980 shares of the company’s stock valued at $10,631,000 after purchasing an additional 193,429 shares during the period. 71.68% of the stock is owned by institutional investors.
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Tactile Systems Technology Company 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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