TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Buys 67,488 Shares

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 67,488 shares of the business’s stock in a transaction on Friday, June 28th. The shares were acquired at an average price of $9.99 per share, with a total value of $674,205.12. Following the purchase, the insider now owns 1,569,545 shares of the company’s stock, valued at $15,679,754.55. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Monday, July 1st, Pinetree Capital Ltd. purchased 55,000 shares of TruBridge stock. The shares were acquired at an average price of $10.51 per share, with a total value of $578,050.00.
• On Wednesday, June 5th, Pinetree Capital Ltd. purchased 14,084 shares of TruBridge stock. The shares were 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. 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. purchased 11,789 shares of TruBridge stock. The shares were acquired at an average price of $8.53 per share, with a total value of $100,560.17.

TruBridge Trading Up 0.1 %

NASDAQ TBRG opened at $10.58 on Wednesday. The firm has a market capitalization of $158.81 million, a price-to-earnings ratio of -3.00 and a beta of 0.65. The business’s 50 day moving average price is $9.40. 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.

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

Analyst Ratings Changes

Several research firms have recently weighed in on TBRG. Royal Bank of Canada began coverage on shares of TruBridge in a report on Thursday, March 28th. They set an “outperform” rating and a $13.00 price objective for the company. Cantor Fitzgerald reaffirmed 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.