Pinetree Capital Ltd. Buys 34,952 Shares of TruBridge, Inc. (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 34,952 shares of TruBridge stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of $27.99 per share, for a total transaction of $978,306.48. Following the completion of the transaction, the insider now directly owns 768,250 shares in the company, valued at $21,503,317.50. This trade represents a 4.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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 bought at an average cost of $28.16 per share, for a total transaction of $191,347.20.
• On Thursday, February 13th, Pinetree Capital Ltd. bought 74,981 shares of TruBridge stock. The shares were bought at an average cost of $27.61 per share, for a total transaction of $2,070,225.41.

TruBridge Stock Performance

Shares of TBRG stock opened at $28.26 on Monday. The firm has a market cap of $421.92 million, a price-to-earnings ratio of -6.91, a PEG ratio of 5.38 and a beta of 0.69. The company’s 50 day moving average is $22.83 and its 200 day moving average is $16.94. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. TruBridge, Inc. has a 52-week low of $7.55 and a 52-week high of $29.27.

Analyst Upgrades and Downgrades

TBRG has been the topic of a number of research reports. Stephens raised their target price on shares of TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 20th. Barclays raised their target price on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On TruBridge

Several institutional investors have recently bought and sold shares of TBRG. Rice Hall James & Associates LLC purchased a new position in TruBridge during the third quarter valued at approximately $1,143,000. CacheTech Inc. purchased a new position in TruBridge during the third quarter valued at approximately $2,875,000. Leavell Investment Management Inc. purchased a new position in TruBridge during the third quarter valued at approximately $203,000. Covestor Ltd purchased a new position in TruBridge during the third quarter valued at approximately $28,000. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in TruBridge in the third quarter valued at approximately $307,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

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.