GSA Capital Partners LLP Purchases New Shares in TruBridge, Inc. (NASDAQ:TBRG)

GSA Capital Partners LLP acquired a new position in TruBridge, Inc. (NASDAQ:TBRG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 32,488 shares of the company’s stock, valued at approximately $389,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TBRG. CacheTech Inc. bought a new position in shares of TruBridge in the third quarter valued at approximately $2,875,000. Rice Hall James & Associates LLC purchased a new position in TruBridge in the third quarter worth $1,143,000. Cubist Systematic Strategies LLC bought a new position in TruBridge in the 2nd quarter valued at $740,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of TruBridge during the 2nd quarter valued at $297,000. Finally, Mitchell Mcleod Pugh & Williams Inc. bought a new stake in shares of TruBridge during the 3rd quarter worth $307,000. Hedge funds and other institutional investors own 88.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TBRG. Stephens increased their price target on shares of TruBridge from $13.00 to $17.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $14.00 target price on shares of TruBridge in a research report on Tuesday, September 17th. Barclays boosted their price objective on TruBridge from $10.00 to $14.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $13.00 target price on shares of TruBridge in a research report on Friday, October 4th.

TruBridge Price Performance

TBRG stock opened at $15.91 on Friday. The firm has a 50 day moving average of $13.16 and a 200-day moving average of $11.56. The firm has a market capitalization of $237.54 million, a P/E ratio of -3.89, a price-to-earnings-growth ratio of 36.40 and a beta of 0.61. TruBridge, Inc. has a 12 month low of $7.55 and a 12 month high of $16.80. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 1.00.

Insiders Place Their Bets

In other TruBridge news, major shareholder Pinetree Capital Ltd. purchased 3,997 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The stock was purchased at an average price of $11.93 per share, for a total transaction of $47,684.21. Following the transaction, the insider now owns 603,997 shares in the company, valued at $7,205,684.21. The trade was a 0.67 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.60% of the company’s stock.

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.