CacheTech Inc. Sells 168,636 Shares of 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% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC grew its position in 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 acquiring an additional 514 shares in the last quarter. Tower Research Capital LLC TRC grew its position in 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 acquiring an additional 699 shares in the last quarter. Forest Hill Capital LLC grew its position in 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 acquiring an additional 7,500 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in TruBridge in the first quarter worth about $240,000. Finally, Jefferies Financial Group Inc. purchased a new position in TruBridge in the first quarter worth about $256,000. Hedge funds and other institutional investors own 88.64% of the company's stock.

TruBridge Trading Up 1.0%

TBRG traded up $0.19 on Tuesday, hitting $19.53. The company had a trading volume of 117,723 shares, compared to its average volume of 152,338. The company has a market cap 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 quick ratio of 1.79, a current ratio of 1.80 and a debt-to-equity ratio of 0.94. The business's fifty day simple moving average is $22.02 and its 200 day simple moving average is $24.73.

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.