CacheTech Inc. Has $231,000 Stock Holdings in TruBridge, Inc. $TBRG

Key Points

• CacheTech Inc. reduced its holding in TruBridge, Inc. by 95.3%, selling 168,636 shares during the first quarter, leaving it with only 8,400 shares worth about $231,000.
• Vanguard Group and other large investors have increased their stakes in TruBridge, with Vanguard owning 663,862 shares worth approximately $18.27 million after a 2.6% increase.
• TruBridge, Inc. has a market capitalization of $289.39 million and its stock is trading with a PE ratio of -22.95, reflecting a challenging financial performance.

CacheTech Inc. lowered its stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 95.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,400 shares of the company's stock after selling 168,636 shares during the period. CacheTech Inc. owned approximately 0.06% of TruBridge worth $231,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Cubist Systematic Strategies LLC increased its position in shares of TruBridge by 2.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 26,202 shares of the company's stock worth $517,000 after purchasing an additional 514 shares during the period. Tower Research Capital LLC TRC increased its position in shares of TruBridge by 47.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock worth $43,000 after purchasing an additional 699 shares during the period. Forest Hill Capital LLC increased its position in shares of TruBridge by 5.3% in the fourth quarter. Forest Hill Capital LLC now owns 148,184 shares of the company's stock worth $2,922,000 after purchasing an additional 7,500 shares during the period. Kingsview Wealth Management LLC bought a new position in shares of TruBridge in the first quarter worth $240,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of TruBridge in the first quarter worth $256,000. Institutional investors own 88.64% of the company's stock.

TruBridge Price Performance

Shares of NASDAQ TBRG traded up $0.67 during mid-day trading on Friday, reaching $20.38. The company had a trading volume of 36,065 shares, compared to its average volume of 167,619. 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. The firm has a market cap of $305.90 million, a price-to-earnings ratio of -24.26 and a beta of 0.59. The business's 50-day simple moving average is $21.84 and its 200 day simple moving average is $24.65.

TruBridge Company 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.