Pinetree Capital Ltd. Buys 6,795 Shares of TruBridge, Inc. (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) major shareholder Pinetree Capital Ltd. acquired 6,795 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $28.16 per share, with a total value of $191,347.20. Following the acquisition, the insider now directly owns 729,176 shares in the company, valued at $20,533,596.16. This represents a 0.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, February 20th, Pinetree Capital Ltd. bought 34,952 shares of TruBridge stock. The shares were bought at an average price of $27.99 per share, for a total transaction of $978,306.48.
• On Thursday, February 13th, Pinetree Capital Ltd. purchased 74,981 shares of TruBridge stock. The stock was bought at an average price of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Stock Performance

NASDAQ:TBRG traded up $0.34 on Friday, hitting $28.26. The company's stock had a trading volume of 207,140 shares, 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 firm has a market capitalization of $421.92 million, a P/E ratio of -6.91, a price-to-earnings-growth ratio of 5.49 and a beta of 0.69. The stock has a fifty day moving average of $22.83 and a two-hundred day moving average of $16.85. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00.

Institutional Investors Weigh In On TruBridge

A number of large investors have recently added to or reduced their stakes in TBRG. Charles Schwab Investment Management Inc. bought a new position in shares of TruBridge in the third quarter valued at about $875,000. GSA Capital Partners LLP acquired a new position in TruBridge in the 3rd quarter valued at about $389,000. BNP Paribas Financial Markets bought a new position in TruBridge in the 3rd quarter valued at about $161,000. Geode Capital Management LLC acquired a new stake in TruBridge during the third quarter worth approximately $1,747,000. Finally, State Street Corp bought a new stake in shares of TruBridge during the third quarter worth approximately $829,000. Institutional investors own 88.64% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on TBRG. Stephens increased their price objective on TruBridge from $13.00 to $17.00 and gave the company an "equal weight" rating in a report on Wednesday, November 20th. Barclays upped 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.

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.