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

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 74,981 shares of TruBridge stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $27.61 per share, with a total value of $2,070,225.41. Following the completion of the purchase, the insider now owns 693,981 shares in the company, valued at approximately $19,160,815.41. This represents a 12.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares 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 stock was purchased at an average cost of $28.16 per share, for a total transaction of $191,347.20.

TruBridge Stock Performance

Shares of NASDAQ TBRG opened at $27.92 on Friday. 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 firm has a market cap of $416.85 million, a price-to-earnings ratio of -6.83, a P/E/G ratio of 5.44 and a beta of 0.69. The business’s 50-day simple moving average is $22.63 and its 200-day simple moving average is $16.72. TruBridge, Inc. has a 52 week low of $7.55 and a 52 week high of $29.27.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Two Sigma Advisers LP increased its holdings in shares of TruBridge by 15.1% during the 4th quarter. Two Sigma Advisers LP now owns 104,500 shares of the company’s stock valued at $2,061,000 after acquiring an additional 13,700 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of TruBridge during the 4th quarter valued at about $211,000. Forest Hill Capital LLC increased its holdings in shares of TruBridge by 5.3% during the 4th quarter. Forest Hill Capital LLC now owns 148,184 shares of the company’s stock valued at $2,922,000 after acquiring an additional 7,500 shares during the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of TruBridge by 8.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 217,539 shares of the company’s stock valued at $4,290,000 after acquiring an additional 16,821 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of TruBridge by 2.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 26,202 shares of the company’s stock valued at $517,000 after acquiring an additional 514 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company’s stock.

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.