Cove Street Capital LLC Sells 99,859 Shares of TruBridge, Inc. (NASDAQ:TBRG)

Cove Street Capital LLC trimmed its stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 55.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,569 shares of the company's stock after selling 99,859 shares during the period. TruBridge accounts for about 1.9% of Cove Street Capital LLC's investment portfolio, making the stock its 24th biggest holding. Cove Street Capital LLC owned about 0.55% of TruBridge worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. AlphaQuest LLC bought a new position in TruBridge in the fourth quarter worth $66,000. FMR LLC purchased a new stake in shares of TruBridge in the 3rd quarter worth about $85,000. EMC Capital Management increased its stake in shares of TruBridge by 2,704.0% in 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 in the last quarter. Barclays PLC purchased a new position in TruBridge during the 3rd quarter valued at about $150,000. Finally, XTX Topco Ltd purchased a new position in TruBridge during the 3rd quarter valued at about $154,000. Institutional investors own 88.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TBRG. Cantor Fitzgerald lifted their price objective on TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Stephens lifted their price target on TruBridge from $23.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 11th.

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Insider Buying and Selling

In related news, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $27.61 per share, with a total value of $2,070,225.41. Following the acquisition, the insider now directly owns 693,981 shares in the company, valued at $19,160,815.41. The trade was a 12.11 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher L. Fowler sold 5,100 shares of the business'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 transaction, the chief executive officer now directly owns 142,939 shares of the company's stock, valued at $3,862,211.78. The trade was a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 116,728 shares of company stock worth $3,239,879. 3.60% of the stock is owned by corporate insiders.

TruBridge Stock Down 2.4 %

TBRG traded down $0.66 during trading on Thursday, hitting $26.45. 52,917 shares of the company's stock traded hands, compared to its average volume of 127,900. TruBridge, Inc. has a 12-month low of $7.61 and a 12-month high of $32.00. The company's 50 day simple moving average is $27.27 and its two-hundred day simple moving average is $20.04. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $395.40 million, a price-to-earnings ratio of -6.47, a PEG ratio of 5.38 and a beta of 0.71.

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.