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EdgarHawk

L6 Holdings Inc.

10% Owner

10% Owner
3 filings analyzed · 1 company · Latest 2025-05-23

Companies

Company Buys Sells Direction
TruBridge, Inc. TBRG 7 0 Net buying

Activity

May 2025
2025-05-23 TruBridge, Inc. TBRG
medium
Buy
80,000 shares
$1,931,950
Significance 4/10

L6 Holdings Inc. (10% owner) buys 80,000 shares of TBRG across 3 trades for $1.9M at blended $24.15, now down 21.1% from 52-week high.

L6 Holdings purchased 80,000 shares in three separate transactions (40,000 at $24.30 on 2025-05-21, 15,000 at $23.98 on 2025-05-22, and 25,000 at $24.01 on 2025-05-23) for a combined $1,931,950.00, raising its stake to 2,005,000 shares. The blended purchase price of $24.15 is now 21.1% above the current price of $23.73, and the 30-day and 90-day performance metrics show stock weakness of -4.8% and -16.0% respectively. At the same ticker, L6 Holdings' prior 4 open-market purchases show mixed near-term outcomes (ranging from -13.2% to +1.6% at 30 days), with no outcomes yet measurable at the 90-day mark for the most recent trades. The company itself reported minimal profitability ($459,000 in net income on $87,208,000 quarterly revenue) and negative full-year earnings, paired with modest annual revenue growth of 1.0%, which provides limited fundamental tailwind for the purchase decision.

March 2025
2025-03-21 TruBridge, Inc. TBRG
medium
Buy
96,607 shares
$2,634,574
Significance 5/10

10% owner L6 Holdings buys 96,607 shares (96.6K) in 2 tranches for $2.6M at blended $27.27, boosting stake to 1.92M shares

L6 Holdings, a 10% shareholder in TruBridge, executed 2 separate purchases totaling 96,607 shares for $2,634,574.49 on March 19 and March 21, 2025, at transaction prices of $26.93 and $27.99 respectively. The purchases increased the holder's position from 1,828,393 to 1,925,000 shares (+5.3% growth in absolute holdings). TruBridge trades at $27.74 currently, down 2.8% over 30 days but up 52.5% over 90 days, and remains below its 52-week high of $30.09 by 7.8%. The company reported quarterly revenue of $83,830,000.00 but posted a net loss of $-9,809,000.00 with full-year profitability absent; annual revenue growth stands at +1.0%. This acquisition by an established 10% owner during a period of positive 90-day momentum but continued unprofitability represents a material increase in an already substantial stake, warranting monitoring of the filer's future disclosures and the company's path to profitability.

February 2025
2025-02-26 TruBridge, Inc. TBRG
high
Buy
117,609 shares
$3,309,408
Significance 6/10

10% owner L6 Holdings buys 117,609 shares ($3.3M) at $28.14 avg; stock up 27.5% in 30 days, 65.1% in 90 days.

L6 Holdings, a 10% owner, executed two separate purchases totaling 117,609 shares for $3,309,408.44 on consecutive business days (2025-02-24 and 2025-02-25), at a blended average price of $28.14. This represents a 6.9% increase in the insider's position, which grew from 1,710,784 shares to 1,828,393 shares. The current price of $29.30 sits at the 52-week high, with the stock having risen 27.5% over the past 30 days and 65.1% over the past 90 days—a notable rally that preceded or closely coincided with these purchases. The underlying business remains unprofitable (net income of $-9,809,000.00 in the latest quarter) with marginal 3.9% annual revenue growth, so the timing and magnitude of this buy against a steep near-term price appreciation warrants examination of whether the insider's transaction reflects forward-looking confidence or responds to broader market momentum in the stock.

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