Pinetree Capital Ltd. Acquires 3,997 Shares of TruBridge, Inc. (NASDAQ:TBRG) Stock

by · The Cerbat Gem

TruBridge, Inc. (NASDAQ:TBRG – Get Free Report) major shareholder Pinetree Capital Ltd. bought 3,997 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average price of $11.93 per share, with a total value of $47,684.21. Following the transaction, the insider now directly owns 603,997 shares in the company, valued at approximately $7,205,684.21. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

TruBridge Trading Up 0.2 %

Shares of NASDAQ TBRG opened at $11.88 on Friday. TruBridge, Inc. has a twelve month low of $7.55 and a twelve month high of $17.21. The stock has a market cap of $178.28 million, a price-to-earnings ratio of -3.37, a P/E/G ratio of 2.80 and a beta of 0.62. The company has a quick ratio of 1.76, a current ratio of 1.77 and a debt-to-equity ratio of 0.98. The company’s fifty day moving average is $11.98 and its 200-day moving average is $10.39.

TruBridge (NASDAQ:TBRG – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.07). TruBridge had a positive return on equity of 6.57% and a negative net margin of 15.93%. The business had revenue of $84.73 million for the quarter, compared to the consensus estimate of $80.71 million. Equities research analysts predict that TruBridge, Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TBRG shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $14.00 price objective on shares of TruBridge in a report on Tuesday, September 17th. Cantor Fitzgerald restated an “overweight” rating and set a $13.00 target price on shares of TruBridge in a research report on Friday.

Check Out Our Latest Research Report on TBRG

Institutional Trading of TruBridge

Several hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of TruBridge in the second quarter valued at about $297,000. Cubist Systematic Strategies LLC acquired a new stake in TruBridge in the 2nd quarter valued at approximately $740,000. Finally, Point72 DIFC Ltd acquired a new position in TruBridge during the 2nd quarter worth approximately $56,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

TruBridge Company Profile

(Get Free Report)

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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