Walleye Capital LLC Cuts Stake in TruBridge, Inc. (NASDAQ:TBRG)

Walleye Capital LLC lessened its stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 77.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,919 shares of the company's stock after selling 57,002 shares during the quarter. Walleye Capital LLC owned 0.11% of TruBridge worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC bought a new position in shares of TruBridge in the third quarter worth approximately $1,747,000. State Street Corp purchased a new position in TruBridge in the 3rd quarter worth approximately $829,000. Jane Street Group LLC bought a new position in TruBridge in the 3rd quarter valued at approximately $400,000. JPMorgan Chase & Co. boosted its stake in TruBridge by 73.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 112,240 shares of the company's stock valued at $1,342,000 after purchasing an additional 47,507 shares during the last quarter. Finally, Barclays PLC bought a new stake in shares of TruBridge in the 3rd quarter worth $150,000. Institutional investors own 88.64% of the company's stock.

TruBridge Trading Up 2.6 %

Shares of TruBridge stock opened at $25.60 on Friday. TruBridge, Inc. has a fifty-two week low of $7.61 and a fifty-two week high of $32.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. The company has a market capitalization of $382.69 million, a P/E ratio of -6.26, a P/E/G ratio of 5.38 and a beta of 0.64. The company has a fifty day moving average of $27.03 and a 200 day moving average of $21.51.

Insider Buying and Selling

In other news, CEO Christopher L. Fowler sold 5,100 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $27.02, for a total transaction of $137,802.00. Following the sale, the chief executive officer now directly owns 142,939 shares in the company, valued at approximately $3,862,211.78. This represents a 3.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Pinetree Capital Ltd. purchased 6,795 shares of the firm's stock in a transaction that occurred 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 acquisition, 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 disclosure for this purchase can be found here. In the last three months, insiders have acquired 116,728 shares of company stock valued at $3,239,879. Corporate insiders own 10.70% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stephens reaffirmed an "equal weight" rating and set a $28.00 price objective on shares of TruBridge in a research report on Thursday, April 10th. Cantor Fitzgerald increased their target price on TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, March 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.

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