TruBridge, Inc. (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 company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $27.40, for a total transaction of $47,785.60. Following the transaction, the insider owned 18,058 shares of the company's stock, valued at approximately $494,789.20. The trade was a 8.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TruBridge Stock Performance

Shares of TBRG traded up $0.41 during mid-day trading on Tuesday, reaching $19.75. The company's stock had a trading volume of 19,610 shares, compared to its average volume of 168,788. TruBridge, Inc. has a 1-year low of $11.39 and a 1-year high of $32.00. 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 stock has a market cap of $296.39 million, a P/E ratio of -23.68 and a beta of 0.59. The business has a 50-day simple moving average of $22.13 and a two-hundred day simple moving average of $24.76.

Institutional Investors Weigh In On TruBridge

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 buying an additional 16,715 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of TruBridge by 12.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 348,941 shares of the company's stock worth $6,881,000 after acquiring an additional 38,902 shares during the last quarter. Geode Capital Management LLC grew its stake 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 in the last quarter. Acadian Asset Management LLC grew its holdings in shares of TruBridge by 89.9% during the second quarter. Acadian Asset Management LLC now owns 253,665 shares of the company's stock worth $5,937,000 after buying an additional 120,106 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in TruBridge by 8.2% in the 2nd quarter. Kennedy Capital Management LLC now owns 241,068 shares of the company's stock valued at $5,646,000 after buying an additional 18,212 shares in the last quarter. 88.64% of the stock is currently owned by institutional investors.

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.