Goldman Sachs Group Inc. Grows Holdings in TruBridge, Inc. $TBRG

Key Points

• Goldman Sachs Group Inc. has increased its stake in TruBridge, Inc. by 31.8%, now owning approximately 1.02% of the company, worth $4.2 million.
• Other institutional investors, including AlphaQuest LLC and Dynamic Technology Lab Private Ltd, have also significantly increased their holdings in TruBridge during the first quarter.
• TruBridge, Inc. operates in the healthcare services sector, offering solutions for community hospitals and clinics, and currently has a market cap of $312.66 million.

Goldman Sachs Group Inc. increased its position in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 31.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,668 shares of the company's stock after buying an additional 36,838 shares during the period. Goldman Sachs Group Inc. owned 1.02% of TruBridge worth $4,201,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC raised its stake in TruBridge by 88.7% during the first quarter. AlphaQuest LLC now owns 6,325 shares of the company's stock worth $174,000 after buying an additional 2,974 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of TruBridge during the first quarter valued at about $221,000. Kingsview Wealth Management LLC acquired a new position in shares of TruBridge during the first quarter valued at about $240,000. Jefferies Financial Group Inc. acquired a new position in shares of TruBridge during the first quarter valued at about $256,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of TruBridge during the fourth quarter valued at about $211,000. Institutional investors own 88.64% of the company's stock.

TruBridge Stock Up 1.8%

Shares of NASDAQ TBRG traded up $0.38 during mid-day trading on Friday, reaching $21.79. 310,129 shares of the company's stock traded hands, compared to its average volume of 85,853. The stock has a market cap of $327.07 million, a P/E ratio of -25.94 and a beta of 0.55. The business has a 50-day simple moving average of $20.72 and a 200 day simple moving average of $23.50. TruBridge, Inc. has a 1-year low of $11.39 and a 1-year high of $32.00. 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.