TruBridge, Inc. (NASDAQ:TBRG – Get Free Report) major shareholder Pinetree Capital Ltd. purchased 8,501 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was acquired at an average price of $20.70 per share, for a total transaction of $175,970.70. Following the completion of the purchase, the insider owned 850,000 shares of the company’s stock, valued at approximately $17,595,000. This represents a 1.01% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% 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. bought 8,501 shares of TruBridge stock. The stock was acquired at an average cost of $20.70 per share, with a total value of $175,970.70.
- On Tuesday, November 18th, Pinetree Capital Ltd. bought 3,639 shares of TruBridge stock. The shares were bought at an average price of $20.84 per share, for a total transaction of $75,836.76.
- On Tuesday, November 18th, Pinetree Capital Ltd. purchased 3,639 shares of TruBridge stock. The stock was bought at an average price of $20.84 per share, with a total value of $75,836.76.
- On Monday, November 17th, Pinetree Capital Ltd. acquired 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. bought 21,035 shares of TruBridge stock. The stock was bought at an average cost of $20.41 per share, with a total value of $429,324.35.
- On Wednesday, November 12th, Pinetree Capital Ltd. purchased 8,935 shares of TruBridge stock. The shares were purchased at an average cost of $19.94 per share, for a total transaction of $178,163.90.
TruBridge Price Performance
Shares of TBRG traded down $0.50 on Wednesday, reaching $20.61. The stock had a trading volume of 118,481 shares, compared to its average volume of 147,207. TruBridge, Inc. has a twelve month low of $15.69 and a twelve month high of $32.00. The firm has a market capitalization of $309.34 million, a PE ratio of -24.54 and a beta of 0.57. The firm has a 50-day moving average of $20.13 and a 200 day moving average of $21.61. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94.
Institutional Trading of TruBridge
Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new position in shares of TruBridge in the 2nd quarter worth $26,000. First Horizon Corp acquired a new stake in TruBridge during the third quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of TruBridge in the 2nd quarter worth about $59,000. New York State Common Retirement Fund acquired a new position in shares of TruBridge in the 2nd quarter valued at about $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of TruBridge in the 2nd quarter valued at about $128,000. 88.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have weighed in on TBRG. BMO Capital Markets started coverage on TruBridge in a research report on Thursday, November 13th. They set a “market perform” rating and a $19.50 price target for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruBridge in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TruBridge currently has an average rating of “Hold” and a consensus price target of $25.50.
Check Out Our Latest Stock Analysis on TBRG
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.
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