TruBridge (NASDAQ:TBRG) Major Shareholder Purchases $422,836.94 in Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. bought 20,707 shares of the company’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $20.42 per share, for a total transaction of $422,836.94. Following the completion of the acquisition, the insider directly owned 837,860 shares of the company’s stock, valued at approximately $17,109,101.20. This represents a 2.53% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% 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 Wednesday, November 19th, Pinetree Capital Ltd. purchased 8,501 shares of TruBridge stock. The shares were purchased at an average cost of $20.70 per share, with a total value of $175,970.70.
• 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 stock was acquired at an average cost of $20.84 per share, with a total value of $75,836.76.
• On Tuesday, November 18th, Pinetree Capital Ltd. acquired 3,639 shares of TruBridge stock. The shares were bought at an average cost of $20.84 per share, with a total value of $75,836.76.
• On Friday, November 14th, Pinetree Capital Ltd. purchased 18,933 shares of TruBridge stock. The shares were purchased at an average cost 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 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. acquired 8,935 shares of TruBridge stock. The stock was acquired at an average price of $19.94 per share, for a total transaction of $178,163.90.

TruBridge Stock Performance

Shares of TruBridge stock traded down $0.50 on Wednesday, hitting $20.61. 118,481 shares of the company’s stock were exchanged, compared to its average volume of 147,207. The company has a 50-day simple moving average of $20.13 and a 200-day simple moving average of $21.61. The stock has a market capitalization of $309.34 million, a PE ratio of -24.54 and a beta of 0.57. TruBridge, Inc. has a 1 year low of $15.69 and a 1 year high of $32.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.80.

TruBridge (NASDAQ:TBRG) last issued its earnings results on Thursday, November 6th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.48. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. The company had revenue of $86.11 million during the quarter, compared to the consensus estimate of $85.56 million. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts anticipate that TruBridge, Inc. will post 0.07 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC bought a new stake in shares of TruBridge in the 1st quarter valued at approximately $240,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TruBridge during the 1st quarter valued at approximately $370,000. Jefferies Financial Group Inc. purchased a new stake in TruBridge during the 1st quarter valued at $256,000. Vanguard Group Inc. lifted its position in TruBridge by 2.6% in the first quarter. Vanguard Group Inc. now owns 663,862 shares of the company’s stock worth $18,269,000 after buying an additional 16,715 shares during the last quarter. Finally, Invesco Ltd. lifted its position in TruBridge by 177.7% in the first quarter. Invesco Ltd. now owns 151,489 shares of the company’s stock worth $4,169,000 after buying an additional 96,931 shares during the last quarter. Hedge funds and other institutional investors 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.