TruBridge (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Purchases 21,035 Shares of Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 21,035 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was purchased at an average price of $20.41 per share, for a total transaction of $429,324.35. Following the purchase, the insider owned 798,220 shares of the company’s stock, valued at $16,291,670.20. The trade was a 2.71% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, November 14th, Pinetree Capital Ltd. acquired 18,933 shares of TruBridge stock. The stock was purchased at an average cost of $20.23 per share, with a total value of $383,014.59.
• On Wednesday, November 12th, Pinetree Capital Ltd. bought 8,935 shares of TruBridge stock. The stock was acquired at an average price of $19.94 per share, with a total value of $178,163.90.

TruBridge Price Performance

TBRG traded down $0.05 during trading on Friday, reaching $20.37. 101,848 shares of the company were exchanged, compared to its average volume of 147,597. TruBridge, Inc. has a 12-month low of $15.40 and a 12-month high of $32.00. The company’s 50-day moving average is $20.10 and its two-hundred day moving average is $21.74. 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 company has a market cap of $305.73 million, a price-to-earnings ratio of -24.25 and a beta of 0.57.

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

Hedge Funds Weigh In On TruBridge

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its holdings in TruBridge by 89.9% during the 2nd quarter. Acadian Asset Management LLC now owns 253,665 shares of the company’s stock valued at $5,937,000 after buying an additional 120,106 shares during the last quarter. Geode Capital Management LLC increased its holdings in TruBridge by 77.6% during the 2nd quarter. Geode Capital Management LLC now owns 268,548 shares of the company’s stock valued at $6,291,000 after purchasing an additional 117,298 shares during the period. Invesco Ltd. raised its position in TruBridge by 177.7% during the 1st quarter. Invesco Ltd. now owns 151,489 shares of the company’s stock valued at $4,169,000 after purchasing an additional 96,931 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in TruBridge in the 3rd quarter worth approximately $1,911,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of TruBridge in the 2nd quarter worth approximately $1,792,000. 88.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TBRG shares. BMO Capital Markets began coverage on TruBridge in a research note on Thursday. They issued a “market perform” rating and a $19.50 target price on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, TruBridge currently has an average rating of “Hold” and an average target price of $25.50.

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.