TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Buys $978,306.48 in Stock

TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) major shareholder Pinetree Capital Ltd. purchased 34,952 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average price of $27.99 per share, with a total value of $978,306.48. Following the completion of the acquisition, the insider now directly owns 768,250 shares in the company, valued at $21,503,317.50. The trade was a 4.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, February 18th, Pinetree Capital Ltd. bought 6,795 shares of TruBridge stock. The stock was acquired at an average cost of $28.16 per share, for a total transaction of $191,347.20.
• On Thursday, February 13th, Pinetree Capital Ltd. purchased 74,981 shares of TruBridge stock. The shares were acquired at an average cost of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Stock Up 0.4 %

TBRG stock traded up $0.13 during midday trading on Tuesday, hitting $28.48. The stock had a trading volume of 159,876 shares, compared to its average volume of 137,805. 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 cap of $425.13 million, a price-to-earnings ratio of -6.96, a price-to-earnings-growth ratio of 5.38 and a beta of 0.69. The business has a 50-day moving average of $23.04 and a two-hundred day moving average of $17.07. TruBridge, Inc. has a 52-week low of $7.55 and a 52-week high of $29.27.

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Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Covestor Ltd grew its holdings in TruBridge by 20.5% in the fourth quarter. Covestor Ltd now owns 2,819 shares of the company's stock worth $56,000 after purchasing an additional 479 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of TruBridge by 2.0% in the 4th quarter. Cubist Systematic Strategies LLC now owns 26,202 shares of the company's stock worth $517,000 after buying an additional 514 shares during the last quarter. Tower Research Capital LLC TRC increased its position in TruBridge by 47.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock valued at $43,000 after buying an additional 699 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in TruBridge by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,879 shares of the company's stock valued at $1,457,000 after buying an additional 716 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in TruBridge by 14.4% in the fourth quarter. Trexquant Investment LP now owns 16,760 shares of the company's stock worth $331,000 after acquiring an additional 2,112 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on TBRG. Barclays boosted their target price on TruBridge from $10.00 to $14.00 and gave the company an "equal weight" rating in a research note on Monday, November 11th. 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 report on Wednesday, November 20th.

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.