Proficio Capital Partners LLC Acquires New Shares in TruBridge, Inc. (NASDAQ:TBRG)

Proficio Capital Partners LLC acquired a new position in shares of TruBridge, Inc. (NASDAQ:TBRG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,494 shares of the company’s stock, valued at approximately $286,000. Proficio Capital Partners LLC owned about 0.10% of TruBridge as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. EMC Capital Management raised its stake in shares of TruBridge by 2,704.0% during the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock valued at $111,000 after acquiring an additional 5,408 shares during the last quarter. FMR LLC acquired a new stake in TruBridge in the third quarter valued at $85,000. R Squared Ltd bought a new position in TruBridge during the 4th quarter worth $154,000. Barclays PLC acquired a new position in TruBridge during the 3rd quarter worth about $150,000. Finally, XTX Topco Ltd bought a new stake in shares of TruBridge in the 3rd quarter valued at about $154,000. Institutional investors and hedge funds own 88.64% of the company’s stock.

Analyst Ratings Changes

TBRG has been the subject of a number of analyst reports. Cantor Fitzgerald raised their price objective on TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Stephens raised their price target on shares of TruBridge from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th.

TruBridge Stock Performance

TBRG stock opened at $27.70 on Thursday. The firm has a market cap of $411.90 million, a PE ratio of -6.77, a price-to-earnings-growth ratio of 5.38 and a beta of 0.71. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The stock has a 50-day moving average price of $26.81 and a 200-day moving average price of $19.50. TruBridge, Inc. has a 1-year low of $7.61 and a 1-year high of $32.00.

Insider Buying and Selling

In related news, CEO Christopher L. Fowler sold 5,100 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $27.02, for a total transaction of $137,802.00. Following the transaction, the chief executive officer now directly owns 142,939 shares of the company’s stock, valued at $3,862,211.78. This represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of TruBridge stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $27.61 per share, with a total value of $2,070,225.41. Following the completion of the acquisition, the insider now directly owns 693,981 shares of the company’s stock, valued at approximately $19,160,815.41. This trade represents a 12.11 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 116,728 shares of company stock valued at $3,239,879 over the last 90 days. Company insiders own 3.60% of the company’s stock.

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.