Pinetree Capital Ltd. Purchases 21,035 Shares of TruBridge (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. purchased 21,035 shares of the company’s stock in a transaction that occurred on Thursday, November 13th. The stock was bought at an average price of $20.41 per share, for a total transaction of $429,324.35. Following the transaction, the insider directly owned 798,220 shares in the company, valued at $16,291,670.20. This trade represents a 2.71% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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. acquired 18,933 shares of TruBridge stock. The shares were purchased at an average price of $20.23 per share, with a total value of $383,014.59.
• On Wednesday, November 12th, Pinetree Capital Ltd. bought 8,935 shares of TruBridge stock. The shares were acquired at an average cost of $19.94 per share, with a total value of $178,163.90.

TruBridge Price Performance

Shares of TBRG stock traded down $0.05 during midday trading on Friday, reaching $20.37. 101,848 shares of the company traded hands, compared to its average volume of 147,597. The firm has a market cap of $305.73 million, a PE ratio of -24.25 and a beta of 0.57. TruBridge, Inc. has a 1-year low of $15.40 and a 1-year high of $32.00. The firm’s 50 day simple moving average is $20.10 and its two-hundred day simple moving average is $21.74. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.80 and a quick ratio of 1.79.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Thursday, November 6th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.48. TruBridge had a negative net margin of 3.63% and a positive return on equity of 3.30%. The company had revenue of $86.11 million during the quarter, compared to analysts’ expectations of $85.56 million. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts expect that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

Hedge Funds Weigh In On TruBridge

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in TruBridge by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 755,373 shares of the company’s stock worth $15,236,000 after purchasing an additional 4,884 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of TruBridge by 15.5% in the third quarter. Dimensional Fund Advisors LP now owns 470,593 shares of the company’s stock worth $9,492,000 after buying an additional 63,112 shares during the period. Martin & Co. Inc. TN raised its position in TruBridge by 14.7% during the third quarter. Martin & Co. Inc. TN now owns 425,009 shares of the company’s stock valued at $8,572,000 after buying an additional 54,401 shares during the period. Kennedy Capital Management LLC lifted its stake in TruBridge by 14.9% in the 3rd quarter. Kennedy Capital Management LLC now owns 276,940 shares of the company’s stock worth $5,586,000 after acquiring an additional 35,872 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in 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 acquiring an additional 117,298 shares in the last quarter. Institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

TBRG has been the subject of several recent analyst reports. BMO Capital Markets assumed coverage on TruBridge in a report on Thursday. They issued a “market perform” rating and a $19.50 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of TruBridge in a research note on Friday, October 31st. One equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.50.

About TruBridge

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.