GSA Capital Partners LLP Buys New Shares in TruBridge, Inc. (NASDAQ:TBRG)

GSA Capital Partners LLP purchased a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 32,488 shares of the company's stock, valued at approximately $389,000. GSA Capital Partners LLP owned 0.22% of TruBridge at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TBRG. GAMMA Investing LLC acquired a new position in TruBridge during the third quarter worth $26,000. Covestor Ltd purchased a new position in shares of TruBridge during the third quarter valued at approximately $28,000. Point72 DIFC Ltd purchased a new stake in TruBridge in the 2nd quarter worth approximately $56,000. Leavell Investment Management Inc. acquired a new stake in shares of TruBridge during the third quarter worth $203,000. Finally, Williams & Novak LLC purchased a new stake in TruBridge in the 3rd quarter valued at about $234,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays increased 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 price target on TruBridge from $13.00 to $17.00 and gave the stock an "equal weight" rating in a report on Wednesday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $14.00 target price on shares of TruBridge in a research report on Tuesday, September 17th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $13.00 price objective on shares of TruBridge in a report on Friday, October 4th.

TruBridge Stock Performance

Shares of TBRG traded up $0.53 during mid-day trading on Friday, reaching $16.54. 54,699 shares of the company's stock traded hands, compared to its average volume of 146,180. TruBridge, Inc. has a 12 month low of $7.55 and a 12 month high of $16.80. The stock has a market capitalization of $246.94 million, a P/E ratio of -4.04, a price-to-earnings-growth ratio of 36.40 and a beta of 0.61. The business's 50-day moving average price is $13.16 and its 200-day moving average price is $11.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80.

Insider Buying and Selling

In other news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of TruBridge stock in a transaction dated Wednesday, October 2nd. The stock was acquired at an average cost of $11.93 per share, for a total transaction of $47,684.21. Following the acquisition, the insider now directly owns 603,997 shares in the company, valued at $7,205,684.21. This represents a 0.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.

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.