TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Buys $674,205.12 in Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 67,488 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was bought at an average cost of $9.99 per share, with a total value of $674,205.12. Following the purchase, the insider now owns 1,569,545 shares in the company, valued at $15,679,754.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 Monday, July 1st, Pinetree Capital Ltd. acquired 55,000 shares of TruBridge stock. The stock was bought at an average cost of $10.51 per share, with a total value of $578,050.00.
• On Wednesday, June 5th, Pinetree Capital Ltd. purchased 14,084 shares of TruBridge stock. The stock was acquired at an average price 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 acquired at an average price 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 acquired at an average price of $8.53 per share, with a total value of $100,560.17.

TruBridge Stock Up 0.1 %

TBRG opened at $10.58 on Wednesday. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $26.73. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.93 and a current ratio of 1.95. The business’s fifty day moving average price is $9.40. The firm has a market capitalization of $158.81 million, a PE ratio of -3.00 and a beta of 0.65.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Friday, May 10th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). TruBridge had a positive return on equity of 8.44% and a negative net margin of 15.27%. The firm had revenue of $83.25 million for the quarter, compared to analyst estimates of $82.35 million. Sell-side analysts anticipate that TruBridge, Inc. will post 0.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $24.00 price target on shares of TruBridge in a research report on Wednesday, April 10th. Royal Bank of Canada assumed coverage on shares of TruBridge in a research report on Thursday, March 28th. They issued an “outperform” rating and a $13.00 price target 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.