TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Buys 55,000 Shares

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 55,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was purchased at an average cost of $10.51 per share, with a total value of $578,050.00. Following the acquisition, the insider now directly owns 1,624,545 shares in the company, valued at $17,073,967.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Pinetree Capital Ltd. also recently made the following trade(s):

• On Friday, June 28th, Pinetree Capital Ltd. purchased 67,488 shares of TruBridge stock. The stock was purchased at an average cost of $9.99 per share, with a total value of $674,205.12.
• On Wednesday, June 5th, Pinetree Capital Ltd. purchased 14,084 shares of TruBridge stock. The stock was purchased at an average cost of $9.72 per share, with a total value of $136,896.48.
• On Monday, June 3rd, Pinetree Capital Ltd. purchased 2,568 shares of TruBridge stock. The stock was purchased at an average cost of $9.44 per share, with a total value of $24,241.92.
• On Friday, May 10th, Pinetree Capital Ltd. purchased 11,789 shares of TruBridge stock. The stock was purchased at an average cost of $8.53 per share, with a total value of $100,560.17.

TruBridge Trading Up 0.1 %

Shares of NASDAQ TBRG opened at $10.58 on Wednesday. The firm has a market cap of $158.81 million, a price-to-earnings ratio of -3.00 and a beta of 0.65. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.93 and a current ratio of 1.95. TruBridge, Inc. has a 1-year low of $7.55 and a 1-year high of $26.73. The business has a fifty day moving average of $9.40.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Friday, May 10th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $83.25 million during the quarter, compared to analyst estimates of $82.35 million. TruBridge had a positive return on equity of 8.44% and a negative net margin of 15.27%. Equities research analysts forecast that TruBridge, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

TBRG has been the subject of several research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $24.00 price target on shares of TruBridge in a report on Wednesday, April 10th. Royal Bank of Canada started coverage on shares of TruBridge in a research note on Thursday, March 28th. They issued an “outperform” rating and a $13.00 target price for the company.

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.