Campbell & CO Investment Adviser LLC Makes New Investment in TruBridge, Inc. $TBRG

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in TruBridge, Inc. (NASDAQ:TBRG), purchasing 51,417 shares valued at approximately $1,415,000.
• Other institutional investors, including Vanguard Group Inc. and Susquehanna International Group LLP, have also increased their investments in TruBridge, indicating growing institutional interest in the company.
• TruBridge, Inc. specializes in healthcare solutions for community hospitals and clinics, operating in sectors like Revenue Cycle Management and Electronic Health Records.

Campbell & CO Investment Adviser LLC bought a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 51,417 shares of the company's stock, valued at approximately $1,415,000. Campbell & CO Investment Adviser LLC owned 0.34% of TruBridge as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in TBRG. Vanguard Group Inc. increased its holdings in shares of TruBridge by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 663,862 shares of the company's stock valued at $18,269,000 after purchasing an additional 16,715 shares in the last quarter. Dimensional Fund Advisors LP grew its position in TruBridge by 12.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock worth $6,881,000 after buying an additional 38,902 shares during the period. D. E. Shaw & Co. Inc. increased its holdings in TruBridge by 8.4% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 217,539 shares of the company's stock valued at $4,290,000 after buying an additional 16,821 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of TruBridge by 343.6% during the 4th quarter. Susquehanna International Group LLP now owns 209,871 shares of the company's stock valued at $4,139,000 after acquiring an additional 162,560 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of TruBridge by 177.7% during the 1st quarter. Invesco Ltd. now owns 151,489 shares of the company's stock worth $4,169,000 after acquiring an additional 96,931 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

TruBridge Stock Performance

TBRG opened at $19.87 on Tuesday. TruBridge, Inc. has a 1-year low of $11.39 and a 1-year high of $32.00. The stock has a market cap of $298.25 million, a P/E ratio of -23.65 and a beta of 0.59. The stock's 50 day simple moving average is $21.72 and its 200 day simple moving average is $24.56. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.80 and a quick ratio of 1.79.

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.

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