Insider Buying: TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Purchases 6,795 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. bought 6,795 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average cost of $28.16 per share, with a total value of $191,347.20. Following the completion of the transaction, the insider now owns 729,176 shares of the company’s stock, valued at $20,533,596.16. This represents a 0.94 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares 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. bought 74,981 shares of TruBridge stock. The shares were acquired at an average cost of $27.61 per share, with a total value of $2,070,225.41.

TruBridge Trading Up 0.3 %

Shares of TBRG stock opened at $28.25 on Wednesday. TruBridge, Inc. has a 52-week low of $7.55 and a 52-week high of $28.70. 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 50-day simple moving average of $22.24 and a two-hundred day simple moving average of $16.56. The company has a market capitalization of $421.77 million, a price-to-earnings ratio of -6.91, a PEG ratio of 4.90 and a beta of 0.69.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On TruBridge

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in TruBridge by 47.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock worth $43,000 after purchasing an additional 699 shares in the last quarter. Covestor Ltd purchased a new position in TruBridge in the third quarter valued at about $28,000. First Horizon Advisors Inc. purchased a new position in TruBridge in the third quarter valued at about $33,000. AlphaQuest LLC purchased a new position in TruBridge in the fourth quarter valued at about $66,000. Finally, EMC Capital Management boosted its stake in TruBridge by 2,704.0% in the fourth 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 during the last quarter. 88.64% of the stock is owned by institutional investors.

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.