Truffle Hound Capital LLC Takes Position in TruBridge, Inc. (NASDAQ:TBRG)

Truffle Hound Capital LLC acquired a new stake in TruBridge, Inc. (NASDAQ:TBRG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 300,000 shares of the company’s stock, valued at approximately $5,916,000. TruBridge makes up about 2.1% of Truffle Hound Capital LLC’s portfolio, making the stock its 11th largest position. Truffle Hound Capital LLC owned approximately 2.01% of TruBridge at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in shares of TruBridge in the third quarter valued at approximately $33,000. AlphaQuest LLC bought a new position in shares of TruBridge in the fourth quarter valued at approximately $66,000. EMC Capital Management boosted its holdings in shares of TruBridge by 2,704.0% in the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock valued at $111,000 after acquiring an additional 5,408 shares in the last quarter. FMR LLC bought a new position in shares of TruBridge in the third quarter valued at approximately $85,000. Finally, R Squared Ltd bought a new position in shares of TruBridge in the fourth quarter valued at approximately $154,000. 88.64% of the stock is currently owned by institutional investors.

Insider Activity at TruBridge

In other news, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of TruBridge stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $27.61 per share, for a total transaction of $2,070,225.41. Following the transaction, the insider now owns 693,981 shares in the company, valued at $19,160,815.41. The trade was a 12.11 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Christopher L. Fowler sold 5,100 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $27.02, for a total transaction of $137,802.00. Following the completion of the sale, the chief executive officer now owns 142,939 shares of the company’s stock, valued at approximately $3,862,211.78. This trade represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 116,728 shares of company stock worth $3,239,879. 3.60% of the stock is owned by corporate insiders.

TruBridge Trading Down 0.9 %

Shares of NASDAQ:TBRG opened at $27.74 on Friday. The stock has a market capitalization of $412.49 million, a price-to-earnings ratio of -6.78, a PEG ratio of 5.38 and a beta of 0.71. TruBridge, Inc. has a 1-year low of $7.61 and a 1-year high of $32.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. The company has a 50 day moving average price of $26.38 and a 200 day moving average price of $19.11.

Analyst Ratings Changes

A number of analysts recently weighed in on TBRG shares. Cantor Fitzgerald raised their target price on shares of TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Stephens raised their target price on shares of TruBridge from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th.

TruBridge 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.