Proficio Capital Partners LLC Invests $286,000 in TruBridge, Inc. (NASDAQ:TBRG)

Proficio Capital Partners LLC bought a new position in TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 14,494 shares of the company's stock, valued at approximately $286,000. Proficio Capital Partners LLC owned 0.10% of TruBridge as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. EMC Capital Management lifted its holdings 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 acquiring an additional 5,408 shares during the period. FMR LLC purchased a new stake in shares of TruBridge during the 3rd quarter valued at $85,000. R Squared Ltd purchased a new stake in shares of TruBridge during the 4th quarter valued at $154,000. Barclays PLC acquired a new stake in shares of TruBridge during the 3rd quarter worth $150,000. Finally, XTX Topco Ltd purchased a new position in shares of TruBridge in the 3rd quarter worth $154,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

TruBridge Stock Down 1.5 %

Shares of NASDAQ:TBRG traded down $0.42 during midday trading on Friday, hitting $28.11. 187,664 shares of the company's stock traded hands, compared to its average volume of 127,416. The firm's fifty day moving average price is $27.02 and its two-hundred day moving average price is $19.78. 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 $7.61 and a twelve month high of $32.00. The company has a market cap of $418.00 million, a PE ratio of -6.87, a P/E/G ratio of 5.38 and a beta of 0.71.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other TruBridge news, CEO Christopher L. Fowler sold 5,100 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the sale, the chief executive officer now owns 142,939 shares of the company's stock, valued at $3,862,211.78. This trade represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Pinetree Capital Ltd. bought 34,952 shares of TruBridge stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of $27.99 per share, for a total transaction of $978,306.48. Following the completion of the transaction, the insider now owns 768,250 shares of the company's stock, valued at approximately $21,503,317.50. This represents a 4.77 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 116,728 shares of company stock worth $3,239,879 over the last quarter. 3.60% of the stock is owned by corporate insiders.

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.