Pinetree Capital Ltd. Purchases 55,000 Shares of TruBridge, Inc. (NASDAQ:TBRG) Stock

TruBridge, Inc. (NASDAQ:TBRG) major shareholder Pinetree Capital Ltd. acquired 55,000 shares of TruBridge stock in a transaction that occurred on Monday, July 1st. The stock was acquired at an average price of $10.51 per share, with a total value of $578,050.00. Following the completion of the acquisition, the insider now directly owns 1,624,545 shares in the company, valued at approximately $17,073,967.95. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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 Friday, June 28th, Pinetree Capital Ltd. acquired 67,488 shares of TruBridge stock. The stock was acquired at an average price of $9.99 per share, with a total value of $674,205.12.
• On Wednesday, June 5th, Pinetree Capital Ltd. purchased 14,084 shares of TruBridge stock. The shares were purchased at an average price of $9.72 per share, with a total value of $136,896.48.
• On Monday, June 3rd, Pinetree Capital Ltd. purchased 2,568 shares of TruBridge stock. The shares were purchased at an average price of $9.44 per share, with a total value of $24,241.92.
• On Friday, May 10th, Pinetree Capital Ltd. purchased 11,789 shares of TruBridge stock. The shares were purchased at an average price of $8.53 per share, with a total value of $100,560.17.

TruBridge Price Performance

Shares of NASDAQ:TBRG traded up $0.01 during mid-day trading on Tuesday, reaching $10.58. 183,753 shares of the company traded hands, compared to its average volume of 205,675. The stock’s 50 day simple moving average is $9.35. The company has a market capitalization of $158.81 million, a price-to-earnings ratio of -3.00 and a beta of 0.65. The company has a current ratio of 1.95, a quick ratio of 1.93 and a debt-to-equity ratio of 0.98. TruBridge, Inc. has a 52 week low of $7.55 and a 52 week high of $26.73.

TruBridge (NASDAQ:TBRG) last announced its quarterly earnings data on Friday, May 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The company had revenue of $83.25 million for the quarter, compared to the consensus estimate of $82.35 million. TruBridge had a negative net margin of 15.27% and a positive return on equity of 8.44%. On average, research analysts predict that TruBridge, Inc. will post 0.95 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Royal Bank of Canada assumed coverage on TruBridge in a research note on Thursday, March 28th. They set an “outperform” rating and a $13.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $24.00 price target on shares of TruBridge in a research note on Wednesday, April 10th.

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.