Truffle Hound Capital LLC Takes $5.92 Million Position in TruBridge, Inc. (NASDAQ:TBRG)

Truffle Hound Capital LLC purchased a new stake in shares of TruBridge, Inc. (NASDAQ:TBRG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 300,000 shares of the company’s stock, valued at approximately $5,916,000. TruBridge makes up about 2.1% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of TBRG. GSA Capital Partners LLP bought a new position in shares of TruBridge during the 3rd quarter valued at $389,000. First Horizon Advisors Inc. bought a new position in shares of TruBridge during the 3rd quarter valued at $33,000. Trustmark National Bank Trust Department bought a new position in shares of TruBridge during the 3rd quarter valued at $560,000. Charles Schwab Investment Management Inc. bought a new position in shares of TruBridge during the 3rd quarter valued at $875,000. Finally, FMR LLC bought a new position in shares of TruBridge during the 3rd quarter valued at $85,000. Institutional investors own 88.64% of the company’s stock.

TruBridge Stock Performance

NASDAQ:TBRG opened at $27.74 on Friday. TruBridge, Inc. has a 1 year low of $7.61 and a 1 year high of $32.00. The firm’s fifty day simple moving average is $26.38 and its 200 day simple moving average is $19.11. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $412.49 million, a PE ratio of -6.78, a PEG ratio of 5.38 and a beta of 0.71.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TBRG. Stephens raised their target price on shares of TruBridge from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 11th. Cantor Fitzgerald raised their target price on shares of TruBridge from $20.00 to $29.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th.

Insiders Place Their Bets

In other TruBridge news, CEO Christopher L. Fowler sold 5,100 shares of the firm’s stock in a transaction on 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 directly owns 142,939 shares in the company, valued at $3,862,211.78. This trade represents a 3.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Pinetree Capital Ltd. purchased 6,795 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $28.16 per share, for a total transaction of $191,347.20. Following the completion of the transaction, the insider now directly owns 729,176 shares in the company, valued at approximately $20,533,596.16. The trade was a 0.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 116,728 shares of company stock worth $3,239,879 in the last ninety days. Insiders own 3.60% of the company’s stock.

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.