TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Buys 55,000 Shares

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 55,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were purchased at an average cost of $10.51 per share, for a total transaction of $578,050.00. Following the acquisition, the insider now owns 1,624,545 shares of the company’s stock, valued at approximately $17,073,967.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major 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 Friday, June 28th, Pinetree Capital Ltd. acquired 67,488 shares of TruBridge stock. The stock was purchased at an average cost of $9.99 per share, with a total value of $674,205.12.
• On Wednesday, June 5th, Pinetree Capital Ltd. bought 14,084 shares of TruBridge stock. The stock was acquired at an average cost of $9.72 per share, for a total transaction of $136,896.48.
• On Monday, June 3rd, Pinetree Capital Ltd. purchased 2,568 shares of TruBridge stock. The shares were acquired at an average price of $9.44 per share, with a total value of $24,241.92.
• On Friday, May 10th, Pinetree Capital Ltd. acquired 11,789 shares of TruBridge stock. The stock was acquired at an average price of $8.53 per share, for a total transaction of $100,560.17.

TruBridge Stock Performance

TBRG stock opened at $11.19 on Friday. The firm has a market cap of $167.96 million, a PE ratio of -3.17 and a beta of 0.65. The stock has a fifty day moving average price of $9.53. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.95 and a quick ratio of 1.93. TruBridge, Inc. has a one year low of $7.55 and a one year high of $26.73.

TruBridge (NASDAQ:TBRG) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.01). TruBridge had a positive return on equity of 8.44% and a negative net margin of 15.27%. The firm had revenue of $83.25 million for the quarter, compared to analysts’ expectations of $82.35 million. Equities analysts forecast that TruBridge, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada began coverage on shares of TruBridge in a research note on Thursday, March 28th. They set an “outperform” rating and a $13.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $24.00 target price on shares of TruBridge in a research note on Wednesday, April 10th.

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.