Insider Buying: TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Buys $978,306.48 in Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 34,952 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was acquired at an average price of $27.99 per share, with a total value of $978,306.48. Following the purchase, the insider now directly owns 768,250 shares in the company, valued at $21,503,317.50. This represents a 4.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 shares were bought at an average cost of $28.16 per share, with a total value of $191,347.20.
• On Thursday, February 13th, Pinetree Capital Ltd. acquired 74,981 shares of TruBridge stock. The shares were bought at an average cost of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Stock Up 1.2 %

Shares of NASDAQ:TBRG opened at $28.26 on Monday. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. TruBridge, Inc. has a 12 month low of $7.55 and a 12 month high of $29.27. The company has a 50-day moving average price of $22.83 and a 200 day moving average price of $16.94. The company has a market cap of $421.92 million, a price-to-earnings ratio of -6.91, a PEG ratio of 5.38 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. bought a new position in shares of TruBridge in the 3rd quarter valued at about $875,000. GSA Capital Partners LLP bought a new position in shares of TruBridge in the 3rd quarter valued at about $389,000. BNP Paribas Financial Markets bought a new position in shares of TruBridge in the 3rd quarter valued at about $161,000. Geode Capital Management LLC purchased a new stake in TruBridge in the 3rd quarter worth about $1,747,000. Finally, State Street Corp purchased a new stake in TruBridge in the 3rd quarter worth about $829,000. Institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on TBRG shares. Stephens increased their price objective on shares of TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Barclays increased their price objective on shares of TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a 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.