TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Purchases 74,981 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. bought 74,981 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $27.61 per share, for a total transaction of $2,070,225.41. Following the transaction, the insider now directly owns 693,981 shares of the company’s stock, valued at $19,160,815.41. The trade was a 12.11 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, February 18th, Pinetree Capital Ltd. bought 6,795 shares of TruBridge stock. The shares were purchased at an average cost of $28.16 per share, with a total value of $191,347.20.

TruBridge Stock Up 0.3 %

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 business has a 50-day simple moving average of $22.24 and a 200 day simple moving average of $16.56. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The company has a market cap of $421.77 million, a PE ratio of -6.91, a price-to-earnings-growth ratio of 4.90 and a beta of 0.69.

Hedge Funds Weigh In On TruBridge

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd bought a new position in TruBridge in the third quarter valued at approximately $28,000. First Horizon Advisors Inc. bought a new position in shares of TruBridge in the 3rd quarter valued at $33,000. Tower Research Capital LLC TRC raised its holdings in shares of TruBridge by 47.5% during the 4th 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 bought a new stake in shares of TruBridge during the 4th quarter worth $66,000. Finally, FMR LLC acquired a new stake in TruBridge in the third quarter valued at about $85,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on TBRG shares. Stephens raised their price target 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 lifted their price target on shares of TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th.

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.