Pinetree Capital Ltd. Purchases 20,707 Shares of TruBridge (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 20,707 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average price of $20.42 per share, with a total value of $422,836.94. Following the acquisition, the insider owned 837,860 shares in the company, valued at $17,109,101.20. This trade represents a 2.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Pinetree Capital Ltd. also recently made the following trade(s):

• 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, for a total transaction of $175,970.70.
• On Wednesday, November 19th, Pinetree Capital Ltd. bought 8,501 shares of TruBridge stock. The stock was 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. acquired 3,639 shares of TruBridge stock. The stock was purchased at an average cost 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 Friday, November 14th, Pinetree Capital Ltd. purchased 18,933 shares of TruBridge stock. The stock was acquired 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 acquired at an average cost of $20.41 per share, for a total transaction of $429,324.35.
• On Wednesday, November 12th, Pinetree Capital Ltd. purchased 8,935 shares of TruBridge stock. The stock was bought at an average cost of $19.94 per share, with a total value of $178,163.90.

TruBridge Stock Down 2.4%

Shares of NASDAQ:TBRG traded down $0.50 during trading on Wednesday, reaching $20.61. The stock had a trading volume of 118,481 shares, compared to its average volume of 147,207. The firm’s 50-day simple moving average is $20.13 and its 200 day simple moving average is $21.61. The company has a current ratio of 1.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. TruBridge, Inc. has a one year low of $15.69 and a one year high of $32.00. The company has a market capitalization of $309.34 million, a P/E ratio of -24.54 and a beta of 0.57.

TruBridge (NASDAQ:TBRG) last announced its earnings results on Thursday, November 6th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $85.56 million. TruBridge has set its Q4 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts expect that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.

Analyst Ratings Changes

TBRG has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of TruBridge in a report on Friday, October 31st. BMO Capital Markets initiated coverage on TruBridge in a report on Thursday, November 13th. They set a “market perform” rating and a $19.50 target price for the company. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, TruBridge presently has an average rating of “Hold” and a consensus target price of $25.50.

Hedge Funds Weigh In On TruBridge

Several large investors have recently made changes to their positions in TBRG. Legal & General Group Plc acquired a new stake in TruBridge during the second quarter valued at $26,000. First Horizon Corp purchased a new stake in shares of TruBridge during the 3rd quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of TruBridge during the 2nd quarter valued at about $59,000. New York State Common Retirement Fund purchased a new position in shares of TruBridge in the 2nd quarter valued at about $101,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of TruBridge in the 2nd quarter valued at about $128,000. 88.64% of the stock is currently owned by institutional investors and hedge funds.

TruBridge Company 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.