Vanguard Group Inc. Acquires 16,715 Shares of TruBridge, Inc. $TBRG

Key Points

• Vanguard Group Inc. increased its holdings in TruBridge, Inc. by 2.6% in Q1, owning 4.44% of the company, valued at approximately $18.27 million.
• A number of other institutional investors have boosted their positions in TruBridge, with significant increases from firms like Tower Research Capital LLC and Renaissance Technologies LLC.
• TruBridge operates in the healthcare solutions sector, focusing on Revenue Cycle Management, Electronic Health Records, and Patient Engagement for community healthcare systems.

Vanguard Group Inc. raised its holdings in shares of TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 663,862 shares of the company's stock after acquiring an additional 16,715 shares during the quarter. Vanguard Group Inc. owned approximately 4.44% of TruBridge worth $18,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jefferies Financial Group Inc. bought a new position in shares of TruBridge during the 1st quarter valued at approximately $256,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in TruBridge during the first quarter valued at approximately $370,000. Kingsview Wealth Management LLC bought a new position in shares of TruBridge in the first quarter worth approximately $240,000. GAMMA Investing LLC boosted its position in shares of TruBridge by 2,652.0% in 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. Finally, Two Sigma Advisers LP increased its stake in shares of TruBridge by 15.1% in the fourth quarter. Two Sigma Advisers LP now owns 104,500 shares of the company's stock worth $2,061,000 after purchasing an additional 13,700 shares in the last quarter. 88.64% of the stock is currently owned by hedge funds and other institutional investors.

TruBridge Price Performance

Shares of TBRG traded down $0.15 during trading hours on Wednesday, reaching $19.83. 36,120 shares of the stock traded hands, compared to its average volume of 163,188. The company has a market cap of $297.65 million, a P/E ratio of -23.60 and a beta of 0.55. The company has a current ratio of 1.80, a quick ratio of 1.79 and a debt-to-equity ratio of 0.94. The company's 50-day moving average price is $21.37 and its two-hundred day moving average price is $24.28. TruBridge, Inc. has a 52-week low of $11.39 and a 52-week high of $32.00.

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.