RiverPark Advisors LLC Has $140,000 Holdings in Tactile Systems Technology, Inc. (NASDAQ:TCMD)

RiverPark Advisors LLC grew its holdings in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 802.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,610 shares of the company’s stock after purchasing an additional 7,656 shares during the period. RiverPark Advisors LLC’s holdings in Tactile Systems Technology were worth $140,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. First Light Asset Management LLC grew its position in shares of Tactile Systems Technology by 38.1% during the 4th quarter. First Light Asset Management LLC now owns 2,859,954 shares of the company’s stock worth $40,897,000 after purchasing an additional 788,535 shares in the last quarter. Cadian Capital Management LP acquired a new position in shares of Tactile Systems Technology during the 4th quarter worth approximately $24,954,000. Vanguard Group Inc. grew its position in shares of Tactile Systems Technology by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,370,403 shares of the company’s stock worth $19,254,000 after purchasing an additional 9,863 shares in the last quarter. Wasatch Advisors LP acquired a new position in shares of Tactile Systems Technology during the 1st quarter worth approximately $8,687,000. Finally, Walleye Capital LLC acquired a new position in shares of Tactile Systems Technology during the 3rd quarter worth approximately $1,860,000. Institutional investors and hedge funds own 83.43% of the company’s stock.

Tactile Systems Technology Price Performance

Shares of Tactile Systems Technology stock traded up $0.02 on Tuesday, reaching $11.56. 414,324 shares of the stock were exchanged, compared to its average volume of 295,578. The firm’s 50 day moving average is $12.58 and its 200-day moving average is $14.15. Tactile Systems Technology, Inc. has a one year low of $9.69 and a one year high of $26.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.63 and a current ratio of 4.26. The firm has a market cap of $274.69 million, a PE ratio of 9.63 and a beta of 1.18.

Tactile Systems Technology (NASDAQ:TCMD) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.06. Tactile Systems Technology had a net margin of 10.19% and a return on equity of 15.88%. The company had revenue of $61.09 million during the quarter, compared to the consensus estimate of $59.10 million. As a group, analysts anticipate that Tactile Systems Technology, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity at Tactile Systems Technology

In related news, CFO Elaine M. Birkemeyer sold 3,041 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $13.68, for a total value of $41,600.88. Following the completion of the transaction, the chief financial officer now owns 61,295 shares of the company’s stock, valued at approximately $838,515.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Elaine M. Birkemeyer sold 3,041 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $13.68, for a total value of $41,600.88. Following the completion of the transaction, the chief financial officer now owns 61,295 shares of the company’s stock, valued at approximately $838,515.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William W. Burke sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $14.06, for a total transaction of $35,150.00. Following the completion of the transaction, the director now owns 25,273 shares of the company’s stock, valued at $355,338.38. The disclosure for this sale can be found here. Insiders sold a total of 6,356 shares of company stock valued at $88,462 in the last quarter. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

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.