GSA Capital Partners LLP Purchases New Position in TruBridge, Inc. (NASDAQ:TBRG)

GSA Capital Partners LLP acquired a new stake in TruBridge, Inc. (NASDAQ:TBRG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 32,488 shares of the company’s stock, valued at approximately $389,000. GSA Capital Partners LLP owned about 0.22% of TruBridge at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of TruBridge in the 3rd quarter valued at $26,000. Covestor Ltd acquired a new position in TruBridge in the 3rd quarter worth about $28,000. Point72 DIFC Ltd bought a new position in TruBridge in the second quarter valued at about $56,000. Leavell Investment Management Inc. acquired a new stake in shares of TruBridge during the third quarter valued at about $203,000. Finally, Williams & Novak LLC bought a new stake in shares of TruBridge during the third quarter worth about $234,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were acquired at an average price of $11.93 per share, for a total transaction of $47,684.21. Following the completion of the acquisition, the insider now owns 603,997 shares in the company, valued at approximately $7,205,684.21. The trade was a 0.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.60% of the stock is owned by insiders.

TruBridge Stock Down 3.7 %

Shares of NASDAQ TBRG opened at $15.91 on Friday. The company’s 50 day moving average price is $13.16 and its 200-day moving average price is $11.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.78 and a current ratio of 1.80. TruBridge, Inc. has a 52-week low of $7.55 and a 52-week high of $16.80. The company has a market capitalization of $237.54 million, a P/E ratio of -3.89, a price-to-earnings-growth ratio of 36.40 and a beta of 0.61.

Analysts Set New Price Targets

TBRG has been the topic of several recent research reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $13.00 target price on shares of TruBridge in a research report on Friday, October 4th. Barclays lifted their price target on shares of TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Stephens increased their price objective on TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $14.00 target price on shares of TruBridge in a report on Tuesday, September 17th.

TruBridge 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.