Key Points
- Pinetree Capital Ltd. purchased a total of 48,903 TruBridge shares across Nov 12–14 for roughly $990,503 (including an 8,935-share buy on Nov 12 at $19.94), raising its stake to 777,185 shares per an SEC filing.
- TruBridge beat quarterly expectations with $0.88 EPS (vs. $0.40 est.) and $86.11M revenue (vs. $85.56M est.), but still reported a negative net margin (-3.63%) and a negative PE while the street consensus is a "Hold" with a $25.50 target.
- Institutional ownership is high at about 88.64%, with large funds like Vanguard and Dimensional meaningfully increasing their holdings, indicating strong institutional interest.
TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) major shareholder Pinetree Capital Ltd. purchased 8,935 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The stock was bought at an average cost of $19.94 per share, for a total transaction of $178,163.90. Following the acquisition, the insider owned 777,185 shares in the company, valued at approximately $15,497,068.90. The trade was a 1.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Pinetree Capital Ltd. also recently made the following trade(s):
- On Friday, November 14th, Pinetree Capital Ltd. bought 18,933 shares of TruBridge stock. The stock was bought at an average cost of $20.23 per share, for a total transaction of $383,014.59.
- On Thursday, November 13th, Pinetree Capital Ltd. bought 21,035 shares of TruBridge stock. The stock was bought at an average price of $20.41 per share, for a total transaction of $429,324.35.
TruBridge Stock Performance
Shares of TruBridge stock traded down $0.05 during trading on Friday, hitting $20.37. 101,848 shares of the stock were exchanged, compared to its average volume of 147,597. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.80. TruBridge, Inc. has a 12 month low of $15.40 and a 12 month high of $32.00. The stock's fifty day moving average is $20.10 and its 200 day moving average is $21.74. The stock has a market cap of $305.73 million, a PE ratio of -24.25 and a beta of 0.57.
TruBridge (NASDAQ:TBRG - Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.40 by $0.48. The firm had revenue of $86.11 million during the quarter, compared to analysts' expectations of $85.56 million. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that TruBridge, Inc. will post 0.07 EPS for the current year.
Institutional Trading of TruBridge
A number of hedge funds and other institutional investors have recently modified their holdings of TBRG. Vanguard Group Inc. boosted its stake in TruBridge by 0.7% during the third quarter. Vanguard Group Inc. now owns 755,373 shares of the company's stock valued at $15,236,000 after buying an additional 4,884 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in TruBridge by 15.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 470,593 shares of the company's stock valued at $9,492,000 after acquiring an additional 63,112 shares during the last quarter. Martin & Co. Inc. TN lifted its holdings in TruBridge by 14.7% in the 3rd quarter. Martin & Co. Inc. TN now owns 425,009 shares of the company's stock valued at $8,572,000 after acquiring an additional 54,401 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of TruBridge by 14.9% during the 3rd quarter. Kennedy Capital Management LLC now owns 276,940 shares of the company's stock valued at $5,586,000 after purchasing an additional 35,872 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of TruBridge by 77.6% in the 2nd quarter. Geode Capital Management LLC now owns 268,548 shares of the company's stock worth $6,291,000 after purchasing an additional 117,298 shares during the last quarter. Institutional investors own 88.64% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on TBRG shares. BMO Capital Markets assumed coverage on TruBridge in a research note on Thursday. They issued a "market perform" rating and a $19.50 price target for the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of TruBridge in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.50.
Read Our Latest Research Report on TBRG
TruBridge Company Profile
(
Get Free Report)
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.
Further Reading
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