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 TruBridge stock in a transaction dated Monday, July 1st. The shares were bought at an average cost of $10.51 per share, with a total value of $578,050.00. Following the completion of the purchase, the insider now owns 1,624,545 shares in the company, valued at $17,073,967.95. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own at least 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. bought 67,488 shares of TruBridge stock. The stock was acquired at an average price 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 price of $9.72 per share, with a total value of $136,896.48.
• On Monday, June 3rd, Pinetree Capital Ltd. bought 2,568 shares of TruBridge stock. The stock was 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. bought 11,789 shares of TruBridge stock. The stock was acquired at an average price of $8.53 per share, with a total value of $100,560.17.

TruBridge Trading Up 0.1 %

Shares of NASDAQ:TBRG opened at $10.58 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.93 and a debt-to-equity ratio of 0.98. TruBridge, Inc. has a 1 year low of $7.55 and a 1 year high of $26.73. The stock’s fifty day moving average price is $9.40. The stock has a market capitalization of $158.81 million, a price-to-earnings ratio of -3.00 and a beta of 0.65.

TruBridge (NASDAQ:TBRG) last announced its quarterly earnings data 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. On average, sell-side analysts forecast that TruBridge, Inc. will post 0.95 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TBRG shares. Royal Bank of Canada started coverage on TruBridge in a report on Thursday, March 28th. They issued an “outperform” rating and a $13.00 target price for the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $24.00 price objective on shares of TruBridge in a report 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.