TruBridge, Inc. $TBRG Shares Sold by Adams Wealth Management

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

A number of other institutional investors have also added to or reduced their stakes in TBRG. Renaissance Technologies LLC purchased a new position in TruBridge during the 4th quarter valued at about $335,000. Barclays PLC increased its position in TruBridge by 218.5% during the 4th quarter. Barclays PLC now owns 39,996 shares of the company's stock valued at $789,000 after purchasing an additional 27,437 shares during the period. Marshall Wace LLP increased its position in TruBridge by 21.4% during the 4th quarter. Marshall Wace LLP now owns 67,855 shares of the company's stock valued at $1,338,000 after purchasing an additional 11,962 shares during the period. Dimensional Fund Advisors LP increased its position in TruBridge by 12.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock valued at $6,881,000 after purchasing an additional 38,902 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in TruBridge by 47.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock valued at $43,000 after purchasing an additional 699 shares during the period. Hedge funds and other institutional investors own 88.64% of the company's stock.

TruBridge Stock Up 1.0%

NASDAQ:TBRG traded up $0.19 during midday trading on Tuesday, reaching $19.53. 117,723 shares of the stock traded hands, compared to its average volume of 152,338. The stock has a market capitalization of $293.15 million, a PE ratio of -23.25 and a beta of 0.59. TruBridge, Inc. has a 12-month low of $11.39 and a 12-month high of $32.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.79 and a current ratio of 1.80. The business has a 50-day moving average of $22.02 and a two-hundred day moving average of $24.73.

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.