Key Points
- Pinetree Capital Ltd. purchased 10,000 TruBridge (NASDAQ:TBRG) shares on Dec. 3 at $23.00, raising its stake to 2,130,000 shares valued at about $48.99 million (a 0.47% ownership increase).
- Pinetree has been buying aggressively since Nov. 12, acquiring roughly 211,750 shares across multiple trades (including 75,000 on Dec. 1 and 45,000 on Dec. 2) and spending about $4.6 million in total, signaling increased insider accumulation.
- TruBridge shares traded around $23.29 (up ~1.7%) with a 52‑week range of $17.71–$32.00 and a market capitalization near $349.6 million.
TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) major shareholder Pinetree Capital Ltd. purchased 10,000 shares of the business's stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average price of $23.00 per share, for a total transaction of $230,000.00. Following the acquisition, the insider owned 2,130,000 shares of the company's stock, valued at approximately $48,990,000. The trade was a 0.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 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 Tuesday, December 2nd, Pinetree Capital Ltd. acquired 45,000 shares of TruBridge stock. The shares were acquired at an average cost of $22.72 per share, for a total transaction of $1,022,400.00.
- On Monday, December 1st, Pinetree Capital Ltd. purchased 75,000 shares of TruBridge stock. The shares were bought at an average cost of $22.40 per share, for a total transaction of $1,680,000.00.
- On Wednesday, November 19th, Pinetree Capital Ltd. purchased 8,501 shares of TruBridge stock. The stock was bought at an average price of $20.70 per share, with a total value of $175,970.70.
- On Wednesday, November 19th, Pinetree Capital Ltd. acquired 8,501 shares of TruBridge stock. The shares were bought at an average price of $20.70 per share, for a total transaction of $175,970.70.
- On Tuesday, November 18th, Pinetree Capital Ltd. bought 3,639 shares of TruBridge stock. The stock was bought at an average price of $20.84 per share, for a total transaction of $75,836.76.
- On Tuesday, November 18th, Pinetree Capital Ltd. purchased 3,639 shares of TruBridge stock. The shares were purchased at an average cost of $20.84 per share, for a total transaction of $75,836.76.
- On Monday, November 17th, Pinetree Capital Ltd. purchased 20,707 shares of TruBridge stock. The stock was purchased at an average price of $20.42 per share, for a total transaction of $422,836.94.
- On Friday, November 14th, Pinetree Capital Ltd. acquired 18,933 shares of TruBridge stock. The stock was purchased at an average cost of $20.23 per share, with a total value of $383,014.59.
- On Thursday, November 13th, Pinetree Capital Ltd. acquired 21,035 shares of TruBridge stock. The shares were purchased at an average price of $20.41 per share, with a total value of $429,324.35.
- On Wednesday, November 12th, Pinetree Capital Ltd. bought 8,935 shares of TruBridge stock. The stock was purchased at an average cost of $19.94 per share, for a total transaction of $178,163.90.
TruBridge Trading Up 1.7%
TruBridge stock opened at $23.29 on Thursday. TruBridge, Inc. has a 52-week low of $17.71 and a 52-week high of $32.00. The company has a market cap of $349.58 million, a P/E ratio of 122.59 and a beta of 0.59. The company has a quick ratio of 1.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $20.37 and a two-hundred day simple moving average of $21.39.
TruBridge (NASDAQ:TBRG - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.48. TruBridge had a net margin of 0.85% and a return on equity of 12.23%. The company had revenue of $86.11 million during the quarter, compared to analyst estimates of $85.56 million. Analysts predict that TruBridge, Inc. will post 0.07 EPS for the current year.
Hedge Funds Weigh In On TruBridge
A number of institutional investors have recently modified their holdings of TBRG. Legal & General Group Plc purchased a new stake in TruBridge in the second quarter worth about $26,000. First Horizon Corp acquired a new stake in TruBridge in the 3rd quarter worth approximately $42,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of TruBridge during the second quarter valued at $59,000. New York State Common Retirement Fund acquired a new position in shares of TruBridge in the second quarter valued at about $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in TruBridge in the 2nd quarter worth approximately $128,000. 88.64% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. BMO Capital Markets began coverage on TruBridge in a research report on Thursday, November 13th. They set a "market perform" rating and a $19.50 price objective on the stock. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of TruBridge in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $25.50.
Read Our Latest 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.
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