Insider Buying: TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Purchases $191,347.20 in Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 6,795 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were purchased at an average cost of $28.16 per share, for a total transaction of $191,347.20. Following the purchase, the insider now directly owns 729,176 shares in the company, valued at approximately $20,533,596.16. This represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large 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 13th, Pinetree Capital Ltd. acquired 74,981 shares of TruBridge stock. The shares were purchased at an average cost of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Price Performance

Shares of NASDAQ:TBRG opened at $27.92 on Friday. 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 business’s fifty day moving average price is $22.63 and its two-hundred day moving average price is $16.72. The stock has a market cap of $416.85 million, a PE ratio of -6.83, a price-to-earnings-growth ratio of 5.44 and a beta of 0.69. TruBridge, Inc. has a one year low of $7.55 and a one year high of $29.27.

Institutional Trading of TruBridge

Several institutional investors and hedge funds have recently made changes to their positions in TBRG. Covestor Ltd purchased a new stake in TruBridge during the 3rd quarter worth about $28,000. First Horizon Advisors Inc. acquired a new stake in shares of TruBridge during the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC grew its holdings in shares of TruBridge by 47.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock worth $43,000 after buying an additional 699 shares in the last quarter. AlphaQuest LLC acquired a new position in shares of TruBridge in the fourth quarter valued at approximately $66,000. Finally, FMR LLC purchased a new position in shares of TruBridge during the third quarter valued at approximately $85,000. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on TBRG shares. Barclays upped their target price on TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Stephens increased their price objective on shares of TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th.

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.