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

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 6,795 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $28.16 per share, with a total value of $191,347.20. Following the purchase, the insider now owns 729,176 shares of the company’s stock, valued at approximately $20,533,596.16. This trade represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares 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. purchased 74,981 shares of TruBridge stock. The shares were acquired at an average price of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Price Performance

Shares of NASDAQ TBRG traded up $0.08 during mid-day trading on Tuesday, hitting $28.25. 136,688 shares of the stock were exchanged, compared to its average volume of 128,496. The company has a market cap of $421.77 million, a P/E ratio of -6.91, a PEG ratio of 4.90 and a beta of 0.69. The stock’s fifty day simple moving average is $22.24 and its two-hundred day simple moving average is $16.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $28.70.

Institutional Trading of TruBridge

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of TruBridge by 47.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock valued at $43,000 after purchasing an additional 699 shares in the last quarter. Covestor Ltd acquired a new stake in shares of TruBridge in the third quarter valued at approximately $28,000. First Horizon Advisors Inc. acquired a new stake in shares of TruBridge in the third quarter valued at approximately $33,000. AlphaQuest LLC acquired a new stake in TruBridge during the 4th quarter worth $66,000. Finally, EMC Capital Management grew its holdings in 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 acquiring an additional 5,408 shares during the period. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stephens raised their price target on shares of TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on shares of TruBridge from $10.00 to $14.00 and gave the stock 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.