Pinetree Capital Ltd. Buys 6,795 Shares of TruBridge, Inc. (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 6,795 shares of TruBridge stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $28.16 per share, with a total value of $191,347.20. Following the transaction, the insider now directly owns 729,176 shares in the company, valued at approximately $20,533,596.16. This trade represents a 0.94 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Thursday, February 13th, Pinetree Capital Ltd. acquired 74,981 shares of TruBridge stock. The stock was purchased at an average price of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Price Performance

TruBridge stock opened at $28.53 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. The company has a market capitalization of $425.95 million, a PE ratio of -6.98, a price-to-earnings-growth ratio of 5.42 and a beta of 0.69. TruBridge, Inc. has a one year low of $7.55 and a one year high of $29.27. The business has a 50 day simple moving average of $22.44 and a 200 day simple moving average of $16.64.

Hedge Funds Weigh In On TruBridge

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd lifted its position in shares of TruBridge by 20.5% during the 4th quarter. Covestor Ltd now owns 2,819 shares of the company’s stock worth $56,000 after buying an additional 479 shares during the period. Cubist Systematic Strategies LLC increased its holdings in TruBridge by 2.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 26,202 shares of the company’s stock valued at $517,000 after purchasing an additional 514 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in TruBridge by 47.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock valued at $43,000 after purchasing an additional 699 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in TruBridge by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 73,879 shares of the company’s stock valued at $1,457,000 after purchasing an additional 716 shares in the last quarter. Finally, Trexquant Investment LP increased its holdings in TruBridge by 14.4% during the 4th quarter. Trexquant Investment LP now owns 16,760 shares of the company’s stock valued at $331,000 after purchasing an additional 2,112 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Analysts Set New Price Targets

TBRG has been the subject of a number of research reports. Stephens raised 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 raised 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.

About TruBridge

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.