Cove Street Capital LLC Has $1.61 Million Holdings in TruBridge, Inc. (NASDAQ:TBRG)

Cove Street Capital LLC trimmed its stake in TruBridge, Inc. (NASDAQ:TBRG) by 55.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,569 shares of the company’s stock after selling 99,859 shares during the period. TruBridge comprises about 1.9% of Cove Street Capital LLC’s investment portfolio, making the stock its 24th biggest position. Cove Street Capital LLC owned about 0.55% of TruBridge worth $1,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its stake in TruBridge by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 73,879 shares of the company’s stock valued at $1,457,000 after acquiring an additional 716 shares during the period. AlphaQuest LLC acquired a new stake in shares of TruBridge during the 4th quarter worth approximately $66,000. EMC Capital Management increased its position in shares of TruBridge by 2,704.0% during the fourth quarter. EMC Capital Management now owns 5,608 shares of the company’s stock valued at $111,000 after purchasing an additional 5,408 shares during the period. FMR LLC acquired a new position in shares of TruBridge in the third quarter valued at $85,000. Finally, R Squared Ltd bought a new position in TruBridge in the fourth quarter worth $154,000. Institutional investors own 88.64% of the company’s stock.

Insider Transactions at TruBridge

In other TruBridge news, CEO Christopher L. Fowler sold 5,100 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $27.02, for a total transaction of $137,802.00. Following the sale, the chief executive officer now owns 142,939 shares of the company’s stock, valued at $3,862,211.78. This represents a 3.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Pinetree Capital Ltd. bought 74,981 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was bought 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 owns 693,981 shares of the company’s stock, valued at approximately $19,160,815.41. The trade was a 12.11 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 116,728 shares of company stock valued at $3,239,879. Corporate insiders own 3.60% of the company’s stock.

TruBridge Trading Down 1.5 %

Shares of TBRG stock opened at $28.11 on Friday. The company has a market capitalization of $418.00 million, a P/E ratio of -6.87, a P/E/G ratio of 5.38 and a beta of 0.71. TruBridge, Inc. has a 12-month low of $7.61 and a 12-month high of $32.00. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $27.02 and a 200 day moving average price of $19.73.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TBRG. Cantor Fitzgerald lifted their target price on shares of TruBridge from $20.00 to $29.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Stephens upped their price objective on TruBridge from $23.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 11th.

About TruBridge

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.