TruBridge (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Acquires 8,501 Shares

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. bought 8,501 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was acquired at an average cost of $20.70 per share, for a total transaction of $175,970.70. Following the purchase, the insider owned 850,000 shares in the company, valued at approximately $17,595,000. This trade represents a 1.01% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 Wednesday, November 19th, Pinetree Capital Ltd. purchased 8,501 shares of TruBridge stock. The stock was bought at an average price of $20.70 per share, with a total value of $175,970.70.
• On Tuesday, November 18th, Pinetree Capital Ltd. acquired 3,639 shares of TruBridge stock. The stock was bought at an average cost of $20.84 per share, for a total transaction of $75,836.76.
• On Tuesday, November 18th, Pinetree Capital Ltd. bought 3,639 shares of TruBridge stock. The stock was bought at an average cost of $20.84 per share, with a total value of $75,836.76.
• On Monday, November 17th, Pinetree Capital Ltd. bought 20,707 shares of TruBridge stock. The stock was bought at an average price of $20.42 per share, with a total value of $422,836.94.
• On Friday, November 14th, Pinetree Capital Ltd. bought 18,933 shares of TruBridge stock. The shares were bought at an average price of $20.23 per share, for a total transaction of $383,014.59.
• On Thursday, November 13th, Pinetree Capital Ltd. purchased 21,035 shares of TruBridge stock. The stock was bought at an average price of $20.41 per share, with a total value of $429,324.35.
• On Wednesday, November 12th, Pinetree Capital Ltd. acquired 8,935 shares of TruBridge stock. The stock was purchased at an average cost of $19.94 per share, with a total value of $178,163.90.

TruBridge Stock Down 2.4%

Shares of TBRG traded down $0.50 during mid-day trading on Wednesday, reaching $20.61. 118,481 shares of the stock traded hands, compared to its average volume of 147,207. The stock has a fifty day simple moving average of $20.13 and a 200 day simple moving average of $21.61. TruBridge, Inc. has a 12-month low of $15.69 and a 12-month high of $32.00. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. The firm has a market cap of $309.34 million, a price-to-earnings ratio of -24.54 and a beta of 0.57.

TruBridge (NASDAQ:TBRG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.48. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. The business had revenue of $86.11 million during the quarter, compared to analyst estimates of $85.56 million. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts expect that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On TruBridge

Large investors have recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC acquired a new position in TruBridge in the first quarter worth $240,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of TruBridge in the 1st quarter valued at about $370,000. Jefferies Financial Group Inc. bought a new stake in shares of TruBridge during the 1st quarter valued at about $256,000. Vanguard Group Inc. raised its stake in TruBridge by 2.6% during the first quarter. Vanguard Group Inc. now owns 663,862 shares of the company’s stock worth $18,269,000 after acquiring an additional 16,715 shares during the period. Finally, Invesco Ltd. lifted its holdings in TruBridge by 177.7% in the first quarter. Invesco Ltd. now owns 151,489 shares of the company’s stock worth $4,169,000 after acquiring an additional 96,931 shares during the last quarter. 88.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TBRG. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruBridge in a research report on Friday, October 31st. BMO Capital Markets initiated coverage on TruBridge in a report on Thursday, November 13th. They set a “market perform” rating and a $19.50 price objective on the stock. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $25.50.

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.