Inspire Investing LLC Sells 13,355 Shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD)

Inspire Investing LLC decreased its position in shares of Tactile Systems Technology, Inc. (NASDAQ:TCMD) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,052 shares of the company’s stock after selling 13,355 shares during the quarter. Inspire Investing LLC owned about 0.20% of Tactile Systems Technology worth $823,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI bought a new position in Tactile Systems Technology during the 3rd quarter worth approximately $29,000. Gladius Capital Management LP bought a new position in Tactile Systems Technology in the third quarter valued at approximately $44,000. Quarry LP bought a new position in Tactile Systems Technology in the second quarter valued at approximately $46,000. SG Americas Securities LLC bought a new position in Tactile Systems Technology in the third quarter valued at approximately $156,000. Finally, XTX Topco Ltd bought a new position in Tactile Systems Technology in the third quarter valued at approximately $163,000. Institutional investors own 83.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TCMD shares. BTIG Research lowered shares of Tactile Systems Technology from a “buy” rating to a “neutral” rating in a research note on Tuesday, November 5th. StockNews.com lowered shares of Tactile Systems Technology from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 16th. Finally, Oppenheimer lowered shares of Tactile Systems Technology from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th.

Tactile Systems Technology Price Performance

Shares of TCMD opened at $17.39 on Friday. The company has a market cap of $417.36 million, a price-to-earnings ratio of 26.75 and a beta of 1.21. Tactile Systems Technology, Inc. has a 1-year low of $11.12 and a 1-year high of $21.10. The company’s fifty day simple moving average is $17.59 and its 200 day simple moving average is $14.98. The company has a current ratio of 4.37, a quick ratio of 3.80 and a debt-to-equity ratio of 0.12.

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.