Two Sigma Securities LLC Purchases New Shares in TruBridge, Inc. (NASDAQ:TBRG)

Two Sigma Securities LLC bought a new position in TruBridge, Inc. (NASDAQ:TBRG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,234 shares of the company's stock, valued at approximately $222,000. Two Sigma Securities LLC owned about 0.08% of TruBridge at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TBRG. Tower Research Capital LLC TRC grew its position in shares of TruBridge by 47.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company's stock valued at $43,000 after purchasing an additional 699 shares in the last quarter. Covestor Ltd increased its position in shares of TruBridge by 20.5% during the fourth quarter. Covestor Ltd now owns 2,819 shares of the company's stock valued at $56,000 after buying an additional 479 shares during the period. AlphaQuest LLC purchased a new stake in shares of TruBridge in the fourth quarter worth about $66,000. EMC Capital Management boosted its position in shares of 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 acquiring an additional 5,408 shares during the period. Finally, R Squared Ltd purchased a new position in TruBridge during the fourth quarter valued at approximately $154,000. 88.64% of the stock is currently owned by institutional investors.

Insider Activity

In other TruBridge news, major shareholder Pinetree Capital Ltd. purchased 74,981 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $27.61 per share, with a total value of $2,070,225.41. Following the completion of the purchase, the insider now directly owns 693,981 shares of the company's stock, valued at approximately $19,160,815.41. This trade represents a 12.11 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher L. Fowler sold 5,100 shares of TruBridge stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $27.02, for a total value of $137,802.00. Following the completion of the transaction, the chief executive officer now owns 142,939 shares in the company, valued at approximately $3,862,211.78. This represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have bought 116,728 shares of company stock worth $3,239,879. 10.70% of the stock is currently owned by insiders.

TruBridge Price Performance

Shares of TruBridge stock traded down $0.40 on Tuesday, hitting $25.89. 18,363 shares of the company traded hands, compared to its average volume of 128,482. TruBridge, Inc. has a 12-month low of $7.98 and a 12-month high of $32.00. The firm's 50-day simple moving average is $26.67 and its 200 day simple moving average is $22.28. The company has a market cap of $387.03 million, a P/E ratio of -6.30, a P/E/G ratio of 5.38 and a beta of 0.65. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00.

Analyst Upgrades and Downgrades

TBRG has been the subject of a number of recent analyst reports. Stephens restated an "equal weight" rating and set a $28.00 price target on shares of TruBridge in a research report on Thursday, April 10th. Cantor Fitzgerald upped their target price on TruBridge from $20.00 to $29.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th.

TruBridge 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.