Polaris Capital Management LLC Sells 59,150 Shares of TruBridge, Inc. (NASDAQ:TBRG)

Polaris Capital Management LLC lessened its stake in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 50.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,000 shares of the company's stock after selling 59,150 shares during the quarter. Polaris Capital Management LLC owned about 0.38% of TruBridge worth $1,124,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TBRG. GAMMA Investing LLC acquired a new stake in shares of TruBridge during the 3rd quarter worth about $26,000. Covestor Ltd acquired a new stake in shares of TruBridge during the 3rd quarter worth about $28,000. First Horizon Advisors Inc. acquired a new stake in shares of TruBridge during the 3rd quarter worth about $33,000. FMR LLC acquired a new stake in shares of TruBridge during the 3rd quarter worth about $85,000. Finally, EMC Capital Management lifted its stake in shares of 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 buying an additional 5,408 shares during the last quarter. Institutional investors and hedge funds own 88.64% of the company's stock.

TruBridge Stock Performance

NASDAQ:TBRG traded up $0.12 during mid-day trading on Friday, reaching $28.25. 89,743 shares of the company's stock were exchanged, compared to its average volume of 127,083. TruBridge, Inc. has a one year low of $7.55 and a one year high of $28.58. The firm has a market capitalization of $421.79 million, a PE ratio of -6.92, a price-to-earnings-growth ratio of 4.90 and a beta of 0.69. The business's fifty day simple moving average is $21.65 and its two-hundred day simple moving average is $16.13. 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, Director Mark V. Anquillare bought 2,500 shares of the firm's stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of $16.81 per share, with a total value of $42,025.00. Following the acquisition, the director now directly owns 17,178 shares in the company, valued at $288,762.18. This represents a 17.03 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

TBRG has been the subject of a number of research reports. Stephens raised their target price 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 target on shares of TruBridge from $10.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Monday, November 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.