Jump Financial LLC Makes New Investment in TruBridge, Inc. $TBRG

Key Points

• Jump Financial LLC has invested approximately $447,000 in TruBridge, Inc. by acquiring 16,257 shares of the company during the first quarter.
• Other hedge funds have also increased their positions in TruBridge, with institutional investors owning 88.64% of the company’s stock.
• TruBridge has a market capitalization of $299.60 million, with stock performance showing a year low of $11.39 and a year high of $32.00.

Jump Financial LLC bought a new stake in TruBridge, Inc. (NASDAQ:TBRG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,257 shares of the company's stock, valued at approximately $447,000. Jump Financial LLC owned 0.11% of TruBridge at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in TruBridge by 47.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock valued at $43,000 after buying an additional 699 shares during the period. Vanguard Group Inc. increased its stake in shares of TruBridge by 2.6% during the first quarter. Vanguard Group Inc. now owns 663,862 shares of the company's stock worth $18,269,000 after acquiring an additional 16,715 shares during the period. Forest Hill Capital LLC increased its stake in shares of TruBridge by 5.3% during 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 during the period. OMERS ADMINISTRATION Corp acquired a new position in shares of TruBridge during the fourth quarter worth about $211,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in TruBridge during the 4th quarter worth approximately $556,000. 88.64% of the stock is owned by institutional investors and hedge funds.

TruBridge Stock Performance

NASDAQ TBRG traded up $0.28 on Thursday, hitting $20.18. 71,199 shares of the company's stock were exchanged, compared to its average volume of 163,103. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.80 and a quick ratio of 1.79. The firm's 50-day moving average price is $21.32 and its two-hundred day moving average price is $24.25. TruBridge, Inc. has a fifty-two week low of $11.39 and a fifty-two week high of $32.00. The firm has a market cap of $302.90 million, a price-to-earnings ratio of -24.02 and a beta of 0.55.

TruBridge 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.