In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Computer Programs & Systems Inc. (NASDAQ:CPSI) reported that Stadium Capital Management has picked up 1,379,151 of common stock as of 2017-01-06.
The acquisition brings the aggregate amount owned by Stadium Capital Management to a total of 1,379,151 representing a 10.2% stake in the company.
For those not familiar with the company, Computer Programs and Systems, Inc. (CPSI) is a provider of healthcare information technology (IT) solutions for rural and community hospitals and post-acute care facilities. The Company provides, on an integrated basis, enterprise-wide clinical management, access management, patient financial management, health information management, strategic decision support, resource planning management and enterprise application integration solutions to healthcare organizations. Additionally, CPSI provides other IT solutions, including business management services, remote hosting, networking technologies and other related services.
A glance at Computer Programs & Systems Inc. (NASDAQ:CPSI)’s key stats reveals a current market capitalization of 319.36 million based on 13.53 million shares outstanding and a price at last close of $23.50 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-28, Hinckle picked up 4,000 at a purchase price of $25.09. This brings their total holding to 17,000 as of the date of the filing.
On the sell side, the most recent transaction saw Hinckle unload 1,857 shares at a sale price of $43.42. This brings their total holding to 13,000.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Computer Programs & Systems Inc. (NASDAQ:CPSI) as things move forward to see if its progress aligns with these transactions.
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