Adams Wealth Management Sells 168,636 Shares of TruBridge, Inc. $TBRG

Key Points

• Adams Wealth Management significantly reduced its stake in TruBridge, Inc. by 95.3%, owning just 8,400 shares worth $231,000 as of their latest SEC filing.
• Other institutional investors, including Invesco and Vanguard Group, have increased their holdings, indicating strong institutional interest in TruBridge.
• TruBridge, which operates in the healthcare solutions sector, has a market cap of approximately $289.39 million and recent stock performance shows a modest increase of 0.7% to $19.28.

Adams Wealth Management lowered its holdings in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 95.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,400 shares of the company's stock after selling 168,636 shares during the period. Adams Wealth Management owned approximately 0.06% of TruBridge worth $231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in TBRG. Tower Research Capital LLC TRC increased its position in TruBridge by 47.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock valued at $43,000 after acquiring an additional 699 shares during the period. Kingsview Wealth Management LLC bought a new position in TruBridge during the first quarter worth $240,000. Jefferies Financial Group Inc. bought a new position in TruBridge during the first quarter worth $256,000. OMERS ADMINISTRATION Corp bought a new position in TruBridge during the fourth quarter worth $211,000. Finally, Two Sigma Securities LLC bought a new position in shares of TruBridge in the fourth quarter valued at $222,000. Institutional investors own 88.64% of the company's stock.

TruBridge Stock Up 1.7%

Shares of TruBridge stock traded up $0.32 during trading hours on Thursday, reaching $19.71. The company's stock had a trading volume of 29,143 shares, compared to its average volume of 168,151. The stock's fifty day simple moving average is $21.92 and its two-hundred day simple moving average is $24.69. The company has a market capitalization of $295.85 million, a P/E ratio of -23.46 and a beta of 0.59. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.80. TruBridge, Inc. has a one year low of $11.39 and a one year high of $32.00.

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.