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

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 74,981 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $27.61 per share, with a total value of $2,070,225.41. Following the completion of the transaction, the insider now owns 693,981 shares in the company, valued at $19,160,815.41. The trade was a 12.11 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions 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 acquired at an average cost of $28.16 per share, for a total transaction of $191,347.20.

TruBridge Stock Performance

Shares of TBRG stock opened at $28.53 on Thursday. The stock has a market capitalization of $425.95 million, a price-to-earnings ratio of -6.98, a PEG ratio of 5.42 and a beta of 0.69. TruBridge, Inc. has a one year low of $7.55 and a one year high of $29.27. The company’s 50-day simple moving average is $22.44 and its 200-day simple moving average is $16.64. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80.

Institutional Trading of TruBridge

Several institutional investors and hedge funds have recently bought and sold shares of TBRG. Covestor Ltd acquired a new position in shares of TruBridge in the 3rd quarter worth approximately $28,000. First Horizon Advisors Inc. bought a new position in TruBridge during the third quarter worth $33,000. Tower Research Capital LLC TRC boosted its holdings in TruBridge by 47.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock worth $43,000 after purchasing an additional 699 shares during the period. AlphaQuest LLC bought a new stake in TruBridge during the fourth quarter valued at $66,000. Finally, FMR LLC acquired a new stake in shares of TruBridge during the third quarter worth $85,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TBRG. Barclays increased their price target on TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Stephens increased their target price on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 20th.

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.