TruBridge (NASDAQ:TBRG) Insider Sells $47,785.60 in Stock

Key Points

• David Harse, an insider at TruBridge, Inc., sold 1,744 shares of the company's stock on March 14th, resulting in an 8.81% decrease in their ownership.
• Following the sale, Harse retains 18,058 shares valued at approximately $494,789, with the total transaction valued at $47,785.60.
• TruBridge has seen significant interest from institutional investors, with 88.64% of its stock owned by hedge funds and other institutional entities after multiple notable acquisitions in the fourth quarter.

TruBridge, Inc. (NASDAQ:TBRG - Get Free Report) insider David Harse sold 1,744 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $27.40, for a total value of $47,785.60. Following the completion of the sale, the insider owned 18,058 shares in the company, valued at approximately $494,789.20. The trade was a 8.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TruBridge Trading Down 0.7%

Shares of TBRG traded down $0.14 during trading hours on Wednesday, reaching $19.39. 97,323 shares of the company traded hands, compared to its average volume of 150,911. The stock's fifty day moving average price is $21.92 and its 200 day moving average price is $24.69. 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 firm has a market cap of $291.04 million, a price-to-earnings ratio of -23.08 and a beta of 0.59. TruBridge, Inc. has a 12-month low of $11.39 and a 12-month high of $32.00.

Hedge Funds Weigh In On TruBridge

Hedge funds have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP increased its position in shares of TruBridge by 343.6% during the fourth quarter. Susquehanna International Group LLP now owns 209,871 shares of the company's stock worth $4,139,000 after acquiring an additional 162,560 shares during the period. Acadian Asset Management LLC grew its stake in TruBridge by 89.9% in the second quarter. Acadian Asset Management LLC now owns 253,665 shares of the company's stock worth $5,937,000 after purchasing an additional 120,106 shares in the last quarter. Geode Capital Management LLC increased its holdings in TruBridge by 77.6% during the 2nd quarter. Geode Capital Management LLC now owns 268,548 shares of the company's stock worth $6,291,000 after purchasing an additional 117,298 shares during the period. Invesco Ltd. increased its holdings in TruBridge by 177.7% during the 1st quarter. Invesco Ltd. now owns 151,489 shares of the company's stock worth $4,169,000 after purchasing an additional 96,931 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in TruBridge during the 2nd quarter valued at $1,792,000. 88.64% of the stock is currently owned by institutional investors.

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.