TruBridge, Inc. (NASDAQ:TBRG) Stock Position Cut by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP reduced its stake in TruBridge, Inc. by 44.1% during the first quarter, holding 40,809 shares valued at approximately $1.12 million.
• TruBridge's CEO, Christopher L. Fowler, sold 6,000 shares at an average price of $25.05, resulting in a 4.38% decrease in his ownership.
• Analysts at Stephens issued a target price of $28.00 for TruBridge shares, maintaining an "equal weight" rating following the company's recent earnings report.

GSA Capital Partners LLP trimmed its stake in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 44.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,809 shares of the company's stock after selling 32,151 shares during the quarter. GSA Capital Partners LLP owned approximately 0.27% of TruBridge worth $1,123,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in TBRG. Susquehanna International Group LLP raised its holdings in shares of TruBridge by 343.6% during the fourth quarter. Susquehanna International Group LLP now owns 209,871 shares of the company's stock worth $4,139,000 after purchasing an additional 162,560 shares during the period. Jane Street Group LLC raised its holdings in shares of TruBridge by 211.6% during the fourth quarter. Jane Street Group LLC now owns 104,331 shares of the company's stock worth $2,057,000 after purchasing an additional 70,850 shares during the period. GAMMA Investing LLC raised its holdings in shares of TruBridge by 2,652.0% during the first quarter. GAMMA Investing LLC now owns 60,627 shares of the company's stock worth $1,668,000 after purchasing an additional 58,424 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of TruBridge during the fourth quarter worth $1,107,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of TruBridge by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock worth $6,881,000 after acquiring an additional 38,902 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens reaffirmed an "equal weight" rating and issued a $28.00 price objective on shares of TruBridge in a report on Thursday, April 10th.

TruBridge Stock Performance

Shares of TBRG stock traded down $0.28 during trading hours on Friday, reaching $20.54. The stock had a trading volume of 114,535 shares, compared to its average volume of 153,528. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.69 and a quick ratio of 1.68. TruBridge, Inc. has a twelve month low of $9.75 and a twelve month high of $32.00. The firm has a 50-day simple moving average of $22.96 and a 200-day simple moving average of $25.00. The firm has a market capitalization of $308.51 million, a PE ratio of -15.21 and a beta of 0.59.

TruBridge (NASDAQ:TBRG - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.08). TruBridge had a positive return on equity of 0.33% and a negative net margin of 5.86%. The firm had revenue of $87.21 million during the quarter, compared to analyst estimates of $86.21 million. As a group, equities analysts forecast that TruBridge, Inc. will post 0.07 earnings per share for the current year.

Insider Transactions at TruBridge

In related news, CEO Christopher L. Fowler sold 6,000 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $25.05, for a total value of $150,300.00. Following the completion of the transaction, the chief executive officer owned 131,090 shares in the company, valued at $3,283,804.50. This represents a 4.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 10.70% of the stock is owned by corporate insiders.

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.