Paradigm Capital Management Inc. NY lessened its stake in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 70.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,000 shares of the company's stock after selling 228,889 shares during the quarter. Paradigm Capital Management Inc. NY owned approximately 0.64% of TruBridge worth $1,873,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its holdings in shares of 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 buying an additional 699 shares during the last quarter. Covestor Ltd grew its holdings in shares of TruBridge by 20.5% during the fourth quarter. Covestor Ltd now owns 2,819 shares of the company's stock worth $56,000 after buying an additional 479 shares in the last quarter. AlphaQuest LLC purchased a new stake in TruBridge during the 4th quarter valued at about $66,000. EMC Capital Management grew its stake in TruBridge by 2,704.0% during the 4th quarter. EMC Capital Management now owns 5,608 shares of the company's stock valued at $111,000 after acquiring an additional 5,408 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of TruBridge in the third quarter valued at approximately $150,000. 88.64% of the stock is currently owned by institutional investors.
TruBridge Trading Down 0.1%
Shares of TruBridge stock opened at $25.02 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The firm has a market cap of $375.88 million, a price-to-earnings ratio of -6.12, a price-to-earnings-growth ratio of 5.38 and a beta of 0.65. TruBridge, Inc. has a 52-week low of $8.90 and a 52-week high of $32.00. The company's 50-day simple moving average is $25.94 and its 200-day simple moving average is $23.13.
TruBridge (NASDAQ:TBRG - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $87.21 million during the quarter, compared to analysts' expectations of $86.21 million. TruBridge had a negative net margin of 17.72% and a positive return on equity of 1.78%. As a group, equities research analysts anticipate 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 5,100 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the sale, the chief executive officer now directly owns 142,939 shares of the company's stock, valued at approximately $3,862,211.78. This represents a 3.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Pinetree Capital Ltd. bought 34,952 shares of the company's stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $27.99 per share, with a total value of $978,306.48. Following the completion of the acquisition, the insider now directly owns 768,250 shares in the company, valued at $21,503,317.50. This represents a 4.77% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 10.70% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Stephens reiterated an "equal weight" rating and issued a $28.00 price objective on shares of TruBridge in a research note on Thursday, April 10th. Cantor Fitzgerald upped their price target on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th.
Get Our Latest Report on TBRG
About TruBridge
(
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.
Further Reading
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