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

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. bought 74,981 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $27.61 per share, with a total value of $2,070,225.41. Following the purchase, the insider now owns 693,981 shares in the company, valued at $19,160,815.41. This trade represents a 12.11 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. bought 6,795 shares of TruBridge stock. The shares were acquired at an average price of $28.16 per share, with a total value of $191,347.20.

TruBridge Price Performance

Shares of TBRG stock opened at $27.92 on Friday. The stock has a 50 day moving average of $22.63 and a two-hundred day moving average of $16.72. 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 market capitalization of $416.85 million, a P/E ratio of -6.83, a P/E/G ratio of 5.44 and a beta of 0.69.

Analysts Set New Price Targets

Several brokerages recently weighed in on TBRG. Stephens increased their target price on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research note 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.

Institutional Trading of TruBridge

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of TruBridge by 47.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock worth $43,000 after buying an additional 699 shares during the period. Covestor Ltd bought a new position in shares of TruBridge during the 3rd quarter worth approximately $28,000. First Horizon Advisors Inc. bought a new position in shares of TruBridge during the 3rd quarter worth approximately $33,000. AlphaQuest LLC bought a new position in shares of TruBridge during the 4th quarter worth approximately $66,000. Finally, EMC Capital Management lifted its position in shares of TruBridge by 2,704.0% during the 4th quarter. EMC Capital Management now owns 5,608 shares of the company’s stock worth $111,000 after buying an additional 5,408 shares during the period. Institutional investors own 88.64% of the company’s stock.

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.