300,000 Shares in TruBridge, Inc. (NASDAQ:TBRG) Purchased by Truffle Hound Capital LLC

Truffle Hound Capital LLC purchased a new position in TruBridge, Inc. (NASDAQ:TBRG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 300,000 shares of the company's stock, valued at approximately $5,916,000. TruBridge accounts for about 2.1% of Truffle Hound Capital LLC's portfolio, making the stock its 11th largest holding. Truffle Hound Capital LLC owned approximately 2.01% of TruBridge as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. acquired a new stake in TruBridge in the third quarter valued at $33,000. AlphaQuest LLC acquired a new stake in TruBridge in the 4th quarter valued at about $66,000. FMR LLC purchased a new position in TruBridge during the 3rd quarter valued at about $85,000. EMC Capital Management increased its holdings in TruBridge by 2,704.0% during 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 in the last quarter. Finally, Barclays PLC purchased a new stake in shares of TruBridge in the third quarter valued at about $150,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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TruBridge Trading Down 4.5 %

TBRG stock traded down $1.30 on Wednesday, hitting $27.70. 164,182 shares of the company were exchanged, compared to its average volume of 126,043. The stock has a market capitalization of $411.90 million, a price-to-earnings ratio of -6.77, a price-to-earnings-growth ratio of 5.38 and a beta of 0.71. The business's fifty day moving average is $26.81 and its two-hundred day moving average is $19.50. TruBridge, Inc. has a twelve month low of $7.61 and a twelve month high of $32.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78.

Insider Activity at TruBridge

In other news, major shareholder Pinetree Capital Ltd. acquired 6,795 shares of the stock in a transaction on 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 completion of the transaction, the insider now directly owns 729,176 shares of the company's stock, valued at $20,533,596.16. The trade was a 0.94 % increase in their ownership of the stock. The transaction was disclosed in a legal filing 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. Over the last 90 days, insiders have bought 116,728 shares of company stock worth $3,239,879. 3.60% of the stock is owned by insiders.

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.