TruBridge (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Buys 18,933 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 18,933 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was acquired at an average cost of $20.23 per share, with a total value of $383,014.59. Following the transaction, the insider directly owned 817,153 shares in the company, valued at $16,531,005.19. This trade represents a 2.37% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% 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 Thursday, November 13th, Pinetree Capital Ltd. acquired 21,035 shares of TruBridge stock. The stock was purchased at an average cost of $20.41 per share, for a total transaction of $429,324.35.
• On Wednesday, November 12th, Pinetree Capital Ltd. bought 8,935 shares of TruBridge stock. The shares were acquired at an average cost of $19.94 per share, for a total transaction of $178,163.90.

TruBridge Stock Performance

TBRG traded down $0.05 on Friday, reaching $20.37. The company had a trading volume of 101,848 shares, compared to its average volume of 147,597. The company has a quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $305.73 million, a PE ratio of -24.25 and a beta of 0.57. The stock has a 50-day moving average price of $20.10 and a 200-day moving average price of $21.74. TruBridge, Inc. has a 1 year low of $15.40 and a 1 year high of $32.00.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.48. The firm had revenue of $86.11 million for the quarter, compared to analyst estimates of $85.56 million. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts forecast that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TBRG has been the subject of several analyst reports. BMO Capital Markets assumed coverage on TruBridge in a research note on Thursday. They issued a “market perform” rating and a $19.50 target price for the company. Weiss Ratings reiterated 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, TruBridge has a consensus rating of “Hold” and an average target price of $25.50.

Institutional Investors Weigh In On TruBridge

Several large investors have recently made changes to their positions in TBRG. Legal & General Group Plc acquired a new position in TruBridge during the 2nd quarter worth $26,000. First Horizon Corp purchased a new stake in shares of TruBridge during the third quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of TruBridge in the second quarter worth about $59,000. New York State Common Retirement Fund purchased a new position in TruBridge during the 2nd quarter worth approximately $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of TruBridge during the second quarter valued at $128,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

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.