GAMMA Investing LLC raised its holdings in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 2,652.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,627 shares of the company's stock after buying an additional 58,424 shares during the quarter. GAMMA Investing LLC owned approximately 0.41% of TruBridge worth $1,668,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of TruBridge by 47.5% during the 4th 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. Covestor Ltd grew its holdings in shares of TruBridge by 20.5% during the 4th quarter. Covestor Ltd now owns 2,819 shares of the company's stock worth $56,000 after purchasing an additional 479 shares during the period. AlphaQuest LLC purchased a new stake in shares of TruBridge during the 4th quarter worth about $66,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of TruBridge during the 4th quarter worth about $211,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of TruBridge during the 4th quarter worth about $222,000. Hedge funds and other institutional investors own 88.64% of the company's stock.
Insider Transactions at TruBridge
In related news, CEO Christopher L. Fowler sold 6,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $25.05, for a total transaction of $150,300.00. Following the completion of the transaction, the chief executive officer now owns 131,090 shares of the company's stock, valued at $3,283,804.50. This trade represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 10.70% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on TBRG. Stephens reiterated an "equal weight" rating and set a $28.00 target price on shares of TruBridge in a report on Thursday, April 10th. Cantor Fitzgerald boosted their target price on TruBridge from $20.00 to $29.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th.
Check Out Our Latest Stock Report on TBRG
TruBridge Stock Down 0.6%
Shares of TBRG traded down $0.14 during trading on Wednesday, reaching $23.00. The company's stock had a trading volume of 76,256 shares, compared to its average volume of 125,857. The company has a quick ratio of 1.68, a current ratio of 1.69 and a debt-to-equity ratio of 0.98. The company has a market cap of $345.46 million, a price-to-earnings ratio of -17.04, a P/E/G ratio of 4.23 and a beta of 0.63. TruBridge, Inc. has a twelve month low of $9.75 and a twelve month high of $32.00. The company has a fifty day moving average of $24.53 and a two-hundred day moving average of $24.28.
TruBridge (NASDAQ:TBRG - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). TruBridge had a negative net margin of 5.86% and a positive return on equity of 0.33%. The firm had revenue of $87.21 million for the quarter, compared to analyst estimates of $86.21 million. On average, sell-side analysts predict that TruBridge, Inc. will post 0.07 EPS for the current fiscal year.
TruBridge Company Profile
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Free Report)
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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