TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Acquires 74,981 Shares

TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) major shareholder Pinetree Capital Ltd. acquired 74,981 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $27.61 per share, for a total transaction of $2,070,225.41. Following the transaction, the insider now owns 693,981 shares of the company's stock, valued at approximately $19,160,815.41. This represents a 12.11 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Pinetree Capital Ltd. also recently made the following trade(s):

• On Thursday, February 20th, Pinetree Capital Ltd. purchased 34,952 shares of TruBridge stock. The shares were acquired at an average price of $27.99 per share, for a total transaction of $978,306.48.
• On Tuesday, February 18th, Pinetree Capital Ltd. acquired 6,795 shares of TruBridge stock. The stock was acquired at an average cost of $28.16 per share, with a total value of $191,347.20.

TruBridge Stock Performance

Shares of NASDAQ TBRG traded up $0.34 during trading hours on Friday, hitting $28.26. 207,140 shares of the stock were exchanged, compared to its average volume of 135,948. TruBridge, Inc. has a one year low of $7.55 and a one year high of $29.27. The company's 50 day moving average is $22.83 and its 200 day moving average is $16.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. The firm has a market capitalization of $421.92 million, a P/E ratio of -6.91, a P/E/G ratio of 5.49 and a beta of 0.69.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Covestor Ltd bought a new position in shares of TruBridge in the third quarter worth about $28,000. First Horizon Advisors Inc. acquired a new stake in TruBridge in the 3rd quarter valued at approximately $33,000. Tower Research Capital LLC TRC increased its position in TruBridge by 47.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock worth $43,000 after buying an additional 699 shares during the period. AlphaQuest LLC bought a new position in TruBridge in the 4th quarter worth approximately $66,000. Finally, FMR LLC acquired a new position in shares of TruBridge during the third quarter worth approximately $85,000. Institutional investors and hedge funds own 88.64% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays increased their target price 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. Stephens upped their price target on TruBridge from $13.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 20th.

TruBridge Company 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.