Dimensional Fund Advisors LP boosted its position in TruBridge, Inc. (NASDAQ:TBRG - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 348,941 shares of the company's stock after buying an additional 38,902 shares during the period. Dimensional Fund Advisors LP owned approximately 2.34% of TruBridge worth $6,881,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Covestor Ltd lifted its stake in shares of TruBridge by 20.5% in the 4th quarter. Covestor Ltd now owns 2,819 shares of the company's stock valued at $56,000 after purchasing an additional 479 shares during the period. AlphaQuest LLC bought a new stake in TruBridge in the fourth quarter worth approximately $66,000. EMC Capital Management lifted its stake in TruBridge by 2,704.0% in the fourth quarter. EMC Capital Management now owns 5,608 shares of the company's stock valued at $111,000 after buying an additional 5,408 shares during the period. Barclays PLC bought a new position in shares of TruBridge during the 3rd quarter worth approximately $150,000. Finally, R Squared Ltd acquired a new stake in shares of TruBridge during the 4th quarter worth approximately $154,000. Institutional investors own 88.64% of the company's stock.
Insider Buying and Selling
In related news, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $27.61 per share, for a total transaction of $2,070,225.41. Following the completion of the acquisition, the insider now owns 693,981 shares of the company's stock, valued at $19,160,815.41. This represents a 12.11% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher L. Fowler sold 5,100 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the sale, the chief executive officer now directly owns 142,939 shares of the company's stock, valued at $3,862,211.78. The trade was a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have acquired 116,728 shares of company stock worth $3,239,879 in the last quarter. Insiders own 10.70% of the company's stock.
TruBridge Stock Down 0.8%
Shares of TBRG traded down $0.20 during trading hours on Wednesday, reaching $24.75. The stock had a trading volume of 141,410 shares, compared to its average volume of 128,503. The firm has a 50-day simple moving average of $26.22 and a 200 day simple moving average of $22.73. TruBridge, Inc. has a 12 month low of $8.79 and a 12 month high of $32.00. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $369.99 million, a price-to-earnings ratio of -6.05, a P/E/G ratio of 5.38 and a beta of 0.65.
TruBridge (NASDAQ:TBRG - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). The business had revenue of $87.21 million for the quarter, compared to analyst estimates of $86.21 million. TruBridge had a positive return on equity of 1.78% and a negative net margin of 17.72%. Equities research analysts predict that TruBridge, Inc. will post 0.07 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Stephens reiterated an "equal weight" rating and set a $28.00 target price on shares of TruBridge in a research report on Thursday, April 10th. Cantor Fitzgerald upped their price objective on shares of TruBridge from $20.00 to $29.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th.
Check Out Our Latest Analysis on TBRG
TruBridge Profile
(
Free Report)
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.
Featured Stories
Before you consider TruBridge, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TruBridge wasn't on the list.
While TruBridge currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
