TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Acquires $2,070,225.41 in Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 74,981 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average price of $27.61 per share, for a total transaction of $2,070,225.41. Following the completion of the transaction, the insider now owns 693,981 shares in the company, valued at approximately $19,160,815.41. The trade was a 12.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Pinetree Capital Ltd. also recently made the following trade(s):

• On Tuesday, February 18th, Pinetree Capital Ltd. acquired 6,795 shares of TruBridge stock. The stock was acquired at an average price of $28.16 per share, for a total transaction of $191,347.20.

TruBridge Stock Up 0.3 %

TruBridge stock traded up $0.08 during mid-day trading on Tuesday, hitting $28.25. The company had a trading volume of 136,688 shares, compared to its average volume of 128,496. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The stock’s 50 day moving average price is $22.24 and its two-hundred day moving average price is $16.56. TruBridge, Inc. has a 12 month low of $7.55 and a 12 month high of $28.70. The company has a market capitalization of $421.77 million, a PE ratio of -6.91, a price-to-earnings-growth ratio of 4.90 and a beta of 0.69.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TBRG. Stephens lifted their price objective on TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Barclays lifted their price objective on TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On TruBridge

Several hedge funds have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC bought a new stake in TruBridge in the third quarter worth $5,934,000. Federated Hermes Inc. boosted its holdings in TruBridge by 3.1% in the fourth quarter. Federated Hermes Inc. now owns 468,758 shares of the company’s stock worth $9,244,000 after acquiring an additional 14,120 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TruBridge by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company’s stock worth $6,881,000 after purchasing an additional 38,902 shares during the last quarter. Truffle Hound Capital LLC bought a new position in shares of TruBridge during the fourth quarter valued at $5,916,000. Finally, CacheTech Inc. bought a new position in shares of TruBridge during the third quarter valued at $2,875,000. 88.64% of the stock is owned by institutional investors.

TruBridge Company Profile

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.