683 Capital Management LLC Purchases Shares of 22,099 TruBridge, Inc. (NASDAQ:TBRG)

683 Capital Management LLC purchased a new position in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,099 shares of the company's stock, valued at approximately $436,000. 683 Capital Management LLC owned approximately 0.15% of TruBridge as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in TruBridge by 47.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock worth $43,000 after buying an additional 699 shares during the period. Covestor Ltd lifted its position in TruBridge by 20.5% during the 4th quarter. Covestor Ltd now owns 2,819 shares of the company's stock worth $56,000 after acquiring an additional 479 shares in the last quarter. AlphaQuest LLC acquired a new stake in TruBridge during the 4th quarter valued at $66,000. EMC Capital Management increased its position in shares of TruBridge by 2,704.0% during the fourth quarter. EMC Capital Management now owns 5,608 shares of the company's stock worth $111,000 after acquiring an additional 5,408 shares during the last quarter. Finally, Barclays PLC purchased a new position in shares of TruBridge during the 3rd quarter valued at approximately $150,000. Hedge funds and other institutional investors own 88.64% of the company's stock.

TruBridge Price Performance

Shares of TruBridge stock traded up $0.08 during trading on Monday, hitting $26.29. The stock had a trading volume of 66,870 shares, compared to its average volume of 128,908. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78. The business has a fifty day moving average of $26.67 and a two-hundred day moving average of $22.28. TruBridge, Inc. has a fifty-two week low of $7.98 and a fifty-two week high of $32.00. The firm has a market cap of $393.01 million, a P/E ratio of -6.43, a PEG ratio of 5.38 and a beta of 0.65.

Insider Buying and Selling

In other news, CEO Christopher L. Fowler sold 5,100 shares of the 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 sale, the chief executive officer now directly owns 142,939 shares of the company's stock, valued at $3,862,211.78. This represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Pinetree Capital Ltd. bought 34,952 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $27.99 per share, with a total value of $978,306.48. Following the purchase, 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. Insiders have acquired 116,728 shares of company stock worth $3,239,879 in the last ninety days. 10.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TBRG shares. Stephens reiterated an "equal weight" rating and issued a $28.00 price target on shares of TruBridge in a research note on Thursday, April 10th. Cantor Fitzgerald raised their price target on shares of TruBridge from $20.00 to $29.00 and gave the company 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.