OMERS ADMINISTRATION Corp Purchases 38,800 Shares of TruBridge, Inc. $TBRG

Key Points

• OMERS ADMINISTRATION Corp increased its holdings in TruBridge, Inc. (NASDAQ:TBRG) by 362.6% in Q1, acquiring 49,500 shares worth approximately $1.36 million.
• A significant portion of TruBridge's shares (88.64%) is owned by hedge funds and institutional investors, with several firms, such as Renaissance Technologies and Barclays PLC, raising their stakes in the company.
• TruBridge's stock has seen fluctuations between a one year low of $11.39 and a high of $32.00, currently trading at around $19.96 as of Monday.

OMERS ADMINISTRATION Corp increased its holdings in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 362.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,500 shares of the company's stock after purchasing an additional 38,800 shares during the period. OMERS ADMINISTRATION Corp owned approximately 0.33% of TruBridge worth $1,362,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in TruBridge in the first quarter worth $1,415,000. Tower Research Capital LLC TRC increased its position in 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 purchasing an additional 699 shares during the last quarter. Vanguard Group Inc. increased its position in TruBridge by 2.6% in the first quarter. Vanguard Group Inc. now owns 663,862 shares of the company's stock worth $18,269,000 after purchasing an additional 16,715 shares during the last quarter. Forest Hill Capital LLC increased its position in TruBridge by 5.3% in the fourth quarter. Forest Hill Capital LLC now owns 148,184 shares of the company's stock worth $2,922,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in TruBridge in the fourth quarter worth $556,000. Institutional investors own 88.64% of the company's stock.

TruBridge Price Performance

TBRG traded up $0.28 during trading hours on Thursday, hitting $20.18. The company's stock had a trading volume of 71,199 shares, compared to its average volume of 163,103. The company has a current ratio of 1.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. TruBridge, Inc. has a 12 month low of $11.39 and a 12 month high of $32.00. The stock has a market cap of $302.90 million, a price-to-earnings ratio of -24.02 and a beta of 0.55. The business's 50-day moving average price is $21.32 and its 200-day moving average price is $24.25.

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.