Proficio Capital Partners LLC Buys Shares of 14,494 TruBridge, Inc. (NASDAQ:TBRG)

Proficio Capital Partners LLC acquired a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 14,494 shares of the company's stock, valued at approximately $286,000. Proficio Capital Partners LLC owned about 0.10% of TruBridge at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC acquired a new stake in TruBridge during the 3rd quarter worth $85,000. EMC Capital Management increased its holdings 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 valued at $111,000 after acquiring an additional 5,408 shares during the period. Barclays PLC purchased a new stake in TruBridge in the 3rd quarter valued at $150,000. XTX Topco Ltd acquired a new stake in TruBridge during the 3rd quarter worth $154,000. Finally, R Squared Ltd purchased a new position in TruBridge during the 4th quarter worth $154,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TBRG has been the subject of a number of research reports. Cantor Fitzgerald upped their target price on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Stephens lifted their price objective on shares of TruBridge from $23.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 11th.

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Insider Buying and Selling at TruBridge

In related news, major shareholder Pinetree Capital Ltd. acquired 6,795 shares of TruBridge stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of $28.16 per share, for a total transaction of $191,347.20. Following the completion of the purchase, the insider now directly owns 729,176 shares in the company, valued at $20,533,596.16. This trade represents a 0.94 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher L. Fowler sold 5,100 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the sale, the chief executive officer now owns 142,939 shares of the company's stock, valued at $3,862,211.78. This represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 116,728 shares of company stock worth $3,239,879. 3.60% of the stock is owned by corporate insiders.

TruBridge Price Performance

NASDAQ TBRG traded down $0.42 during mid-day trading on Friday, hitting $28.11. The stock had a trading volume of 187,664 shares, compared to its average volume of 127,416. The company has a 50 day simple moving average of $27.02 and a 200 day simple moving average of $19.73. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The company has a market cap of $418.00 million, a price-to-earnings ratio of -6.87, a P/E/G ratio of 5.38 and a beta of 0.71. TruBridge, Inc. has a 52-week low of $7.61 and a 52-week high of $32.00.

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.