TruBridge, Inc. (NASDAQ:TBRG) Shares Bought by Forest Hill Capital LLC

Forest Hill Capital LLC grew its holdings in TruBridge, Inc. (NASDAQ:TBRG) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,184 shares of the company’s stock after acquiring an additional 7,500 shares during the period. TruBridge comprises approximately 2.3% of Forest Hill Capital LLC’s holdings, making the stock its 11th biggest holding. Forest Hill Capital LLC owned about 0.99% of TruBridge worth $2,922,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TBRG. Tower Research Capital LLC TRC lifted its stake in shares of TruBridge by 47.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock worth $43,000 after purchasing an additional 699 shares in the last quarter. Covestor Ltd lifted its position in TruBridge by 20.5% during the 4th quarter. Covestor Ltd now owns 2,819 shares of the company’s stock worth $56,000 after acquiring an additional 479 shares in the last quarter. AlphaQuest LLC purchased a new position in TruBridge in the 4th quarter worth approximately $66,000. EMC Capital Management grew its position 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 acquiring an additional 5,408 shares in the last quarter. Finally, Barclays PLC purchased a new stake in shares of TruBridge during the third quarter valued at approximately $150,000. 88.64% of the stock is owned by hedge funds and other institutional investors.

TruBridge Trading Down 0.8 %

NASDAQ TBRG opened at $24.81 on Friday. The company’s fifty day moving average price is $26.35 and its two-hundred day moving average price is $22.49. The company has a market capitalization of $370.88 million, a price-to-earnings ratio of -6.07, a price-to-earnings-growth ratio of 5.38 and a beta of 0.65. TruBridge, Inc. has a 12 month low of $8.09 and a 12 month high of $32.00. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.80 and a quick ratio of 1.78.

TruBridge (NASDAQ:TBRG) last announced 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 firm had revenue of $87.21 million during the quarter, compared to the consensus estimate of $86.21 million. TruBridge had a negative net margin of 17.72% and a positive return on equity of 1.78%. As a group, research analysts predict that TruBridge, Inc. will post 0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TBRG shares. Stephens reaffirmed an “equal weight” rating and set a $28.00 price target on shares of TruBridge in a report on Thursday, April 10th. Cantor Fitzgerald lifted their target price on TruBridge from $20.00 to $29.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th.

Insider Buying and Selling

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

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.