TruBridge (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Purchases 10,000 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 10,000 shares of TruBridge stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average cost of $23.00 per share, for a total transaction of $230,000.00. Following the completion of the transaction, the insider owned 2,130,000 shares of the company’s stock, valued at approximately $48,990,000. This represents a 0.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, December 2nd, Pinetree Capital Ltd. purchased 45,000 shares of TruBridge stock. The stock was bought at an average price of $22.72 per share, with a total value of $1,022,400.00.
• On Monday, December 1st, Pinetree Capital Ltd. acquired 75,000 shares of TruBridge stock. The shares were purchased at an average price of $22.40 per share, with a total value of $1,680,000.00.
• On Wednesday, November 19th, Pinetree Capital Ltd. purchased 8,501 shares of TruBridge stock. The shares were acquired at an average cost of $20.70 per share, for a total transaction of $175,970.70.
• On Wednesday, November 19th, Pinetree Capital Ltd. bought 8,501 shares of TruBridge stock. The shares were purchased at an average price of $20.70 per share, for a total transaction of $175,970.70.
• On Tuesday, November 18th, Pinetree Capital Ltd. purchased 3,639 shares of TruBridge stock. The shares were acquired 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 shares were 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 shares were 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 purchased at an average cost of $20.23 per share, with a total value of $383,014.59.
• On Thursday, November 13th, Pinetree Capital Ltd. acquired 21,035 shares of TruBridge stock. The stock was acquired 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 stock was bought at an average cost of $19.94 per share, with a total value of $178,163.90.

TruBridge Trading Up 1.7%

Shares of TBRG stock opened at $23.29 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.91. The company has a market cap of $349.58 million, a PE ratio of 122.59 and a beta of 0.59. TruBridge, Inc. has a fifty-two week low of $17.71 and a fifty-two week high of $32.00. The stock’s fifty day moving average price is $20.37 and its two-hundred day moving average price is $21.39.

TruBridge (NASDAQ:TBRG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.48. The company had revenue of $86.11 million during the quarter, compared to analysts’ expectations of $85.56 million. TruBridge had a return on equity of 12.23% and a net margin of 0.85%. Equities analysts predict that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TruBridge in a research note on Friday, October 31st. BMO Capital Markets assumed coverage on shares of TruBridge in a report on Thursday, November 13th. They issued a “market perform” rating and a $19.50 price target on the stock. 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 data from MarketBeat.com, TruBridge presently has an average rating of “Hold” and a consensus price target of $25.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in shares of TruBridge during the second quarter valued at about $26,000. First Horizon Corp purchased a new position in shares of TruBridge during the third quarter valued at approximately $42,000. Police & Firemen s Retirement System of New Jersey bought a new position in TruBridge in the 2nd quarter worth $59,000. AlphaQuest LLC raised its stake in TruBridge by 88.7% in the first quarter. AlphaQuest LLC now owns 6,325 shares of the company’s stock worth $174,000 after buying an additional 2,974 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of TruBridge by 14.8% in the 3rd quarter. Strs Ohio now owns 25,600 shares of the company’s stock valued at $516,000 after purchasing an additional 3,300 shares during the period. Institutional investors own 88.64% of the company’s stock.

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.