TruBridge, Inc. (NASDAQ:TBRG) Sees Significant Increase in Short Interest

TruBridge, Inc. (NASDAQ:TBRG) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 339,000 shares, an increase of 14.4% from the January 15th total of 296,200 shares. Based on an average daily trading volume, of 89,700 shares, the short-interest ratio is currently 3.8 days. Approximately 2.4% of the company’s shares are sold short.

TruBridge Trading Up 0.1 %

TBRG stock opened at $28.17 on Friday. TruBridge has a fifty-two week low of $7.55 and a fifty-two week high of $28.58. The business’s 50 day moving average price is $21.84 and its two-hundred day moving average price is $16.27. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00.

Insider Transactions at TruBridge

In related news, Director Mark V. Anquillare acquired 2,500 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average price of $16.81 per share, for a total transaction of $42,025.00. Following the completion of the acquisition, the director now owns 17,178 shares in the company, valued at approximately $288,762.18. This represents a 17.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.60% of the company’s stock.

Institutional Trading of TruBridge

Several hedge funds and other institutional investors have recently made changes to their positions in TBRG. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of TruBridge in the 3rd quarter worth approximately $5,934,000. Truffle Hound Capital LLC purchased a new stake in shares of TruBridge in the 4th quarter worth approximately $5,916,000. CacheTech Inc. purchased a new stake in shares of TruBridge in the 3rd quarter worth approximately $2,875,000. Invenomic Capital Management LP purchased a new stake in shares of TruBridge in the 3rd quarter worth approximately $2,364,000. Finally, Susquehanna International Group LLP grew its stake in shares of TruBridge by 343.6% in the 4th quarter. Susquehanna International Group LLP now owns 209,871 shares of the company’s stock worth $4,139,000 after buying an additional 162,560 shares during the last quarter. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TBRG. Stephens boosted their price target on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Barclays boosted their price target on TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, November 11th.

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.