TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Acquires $47,684.21 in Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 3,997 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of $11.93 per share, with a total value of $47,684.21. Following the completion of the transaction, the insider now owns 603,997 shares of the company’s stock, valued at approximately $7,205,684.21. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

TruBridge Stock Performance

NASDAQ:TBRG opened at $11.88 on Monday. TruBridge, Inc. has a 52 week low of $7.55 and a 52 week high of $17.21. The company has a fifty day simple moving average of $11.98 and a two-hundred day simple moving average of $10.40. The company has a quick ratio of 1.76, a current ratio of 1.77 and a debt-to-equity ratio of 0.98. The company has a market cap of $178.28 million, a price-to-earnings ratio of -3.37, a price-to-earnings-growth ratio of 2.80 and a beta of 0.62.

TruBridge (NASDAQ:TBRG) last released its earnings results on Thursday, August 8th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.07). TruBridge had a positive return on equity of 6.57% and a negative net margin of 15.93%. The company had revenue of $84.73 million for the quarter, compared to analyst estimates of $80.71 million. As a group, equities analysts anticipate that TruBridge, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TBRG has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 target price on shares of TruBridge in a research note on Tuesday, September 17th. Cantor Fitzgerald reissued an “overweight” rating and set a $13.00 price target on shares of TruBridge in a research report on Friday.

Hedge Funds Weigh In On TruBridge

A number of institutional investors and hedge funds have recently made changes to their positions in TBRG. Point72 DIFC Ltd acquired a new stake in TruBridge in the second quarter valued at approximately $56,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of TruBridge in the 2nd quarter valued at approximately $297,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of TruBridge in the 2nd quarter valued at $740,000. 88.64% of the stock is owned by institutional investors and hedge funds.

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.