Proficio Capital Partners LLC Makes New $286,000 Investment in TruBridge, Inc. (NASDAQ:TBRG)

Proficio Capital Partners LLC bought a new stake in TruBridge, Inc. (NASDAQ:TBRG) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 14,494 shares of the company’s stock, valued at approximately $286,000.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. purchased a new stake in shares of TruBridge during the third quarter valued at approximately $875,000. FMR LLC bought a new position in TruBridge in the 3rd quarter valued at $85,000. BNP Paribas Financial Markets purchased a new stake in shares of TruBridge during the 3rd quarter valued at $161,000. Walleye Capital LLC bought a new stake in shares of TruBridge during the 3rd quarter worth $884,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of TruBridge in the 3rd quarter worth about $5,934,000. 88.64% of the stock is owned by institutional investors.

Insider Activity at TruBridge

In related news, CEO Christopher L. Fowler sold 5,100 shares of TruBridge stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the transaction, the chief executive officer now directly owns 142,939 shares in the company, valued at approximately $3,862,211.78. The trade was a 3.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Pinetree Capital Ltd. bought 34,952 shares of the stock in a transaction on Thursday, February 20th. The shares were acquired at an average cost of $27.99 per share, for a total transaction of $978,306.48. Following the acquisition, the insider now directly owns 768,250 shares in the company, valued at approximately $21,503,317.50. This trade represents a 4.77 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 116,728 shares of company stock worth $3,239,879. Company insiders own 3.60% of the company’s stock.

TruBridge Stock Down 4.5 %

Shares of NASDAQ TBRG opened at $27.70 on Thursday. The business’s fifty day moving average price is $26.81 and its 200-day moving average price is $19.50. TruBridge, Inc. has a one year low of $7.61 and a one year high of $32.00. The stock has a market capitalization of $411.90 million, a PE ratio of -6.77, a P/E/G ratio of 5.38 and a beta of 0.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78.

Analyst Ratings Changes

A number of analysts recently issued reports on TBRG shares. Stephens raised their price objective on shares of TruBridge from $23.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 11th. Cantor Fitzgerald raised their price target on shares of TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th.

TruBridge 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.