TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Purchases 6,795 Shares

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. bought 6,795 shares of the stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $28.16 per share, with a total value of $191,347.20. Following the acquisition, 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 SEC, which is accessible through the SEC website. Major shareholders that own more than 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. bought 74,981 shares of TruBridge stock. The shares were acquired at an average cost of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Stock Up 0.3 %

TBRG traded up $0.08 during 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 market capitalization of $421.77 million, a PE ratio of -6.91, a PEG ratio of 4.90 and a beta of 0.69. TruBridge, Inc. has a one year low of $7.55 and a one year high of $28.70. The firm’s 50-day moving average price is $22.24 and its 200 day moving average price is $16.56. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00.

Institutional Investors Weigh In On TruBridge

Several institutional investors have recently added to or reduced their stakes in TBRG. Hotchkis & Wiley Capital Management LLC bought a new stake in TruBridge in the 3rd quarter valued at $5,934,000. Truffle Hound Capital LLC bought a new stake in TruBridge during the 4th quarter worth about $5,916,000. CacheTech Inc. bought a new stake in TruBridge during the 3rd quarter worth about $2,875,000. Invenomic Capital Management LP bought a new stake in TruBridge during the 3rd quarter worth about $2,364,000. Finally, Susquehanna International Group LLP lifted its position in TruBridge by 343.6% during 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 in the last quarter. 88.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.