TruBridge, Inc. (NASDAQ:TBRG) Major Shareholder Pinetree Capital Ltd. Purchases 11,789 Shares

TruBridge, Inc. (NASDAQ:TBRGGet Free Report) major shareholder Pinetree Capital Ltd. bought 11,789 shares of TruBridge stock in a transaction on Friday, May 10th. The stock was acquired at an average cost of $8.53 per share, with a total value of $100,560.17. Following the acquisition, the insider now owns 511,789 shares of the company’s stock, valued at approximately $4,365,560.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

TruBridge Stock Performance

TBRG opened at $8.95 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.93 and a current ratio of 1.95. The stock has a market capitalization of $134.34 million, a P/E ratio of -2.54 and a beta of 0.65. TruBridge, Inc. has a one year low of $7.55 and a one year high of $26.73. The business’s fifty day moving average price is $8.78.

TruBridge (NASDAQ:TBRGGet Free Report) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The business had revenue of $85.87 million for the quarter, compared to analyst estimates of $83.50 million. TruBridge had a negative net margin of 15.27% and a positive return on equity of 8.44%. On average, analysts predict that TruBridge, Inc. will post 0.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on TruBridge

About TruBridge

(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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