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

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

TruBridge Stock Performance

NASDAQ TBRG opened at $27.92 on Friday. The business’s 50-day simple moving average is $22.63 and its 200-day simple moving average is $16.72. The firm has a market capitalization of $416.85 million, a P/E ratio of -6.83, a P/E/G ratio of 5.44 and a beta of 0.69. TruBridge, Inc. has a 1-year low of $7.55 and a 1-year high of $29.27. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. acquired a new stake in shares of TruBridge in the third quarter worth $875,000. GSA Capital Partners LLP acquired a new stake in TruBridge in the 3rd quarter valued at $389,000. BNP Paribas Financial Markets acquired a new stake in TruBridge in the 3rd quarter valued at $161,000. Geode Capital Management LLC purchased a new position in TruBridge in the third quarter valued at about $1,747,000. Finally, State Street Corp acquired a new position in shares of TruBridge during the third quarter worth about $829,000. 88.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TBRG has been the subject of a number of recent analyst reports. Stephens boosted their target price on shares of TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, November 20th. Barclays boosted their price objective on shares of TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th.

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.