HealthStream, Inc. (NASDAQ:HSTM) Shares Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,035 shares of the technology company’s stock after purchasing an additional 972 shares during the quarter. Ellsworth Advisors LLC owned approximately 0.07% of HealthStream worth $578,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wakefield Asset Management LLLP acquired a new position in HealthStream during the first quarter worth approximately $909,000. Vanguard Group Inc. grew its position in shares of HealthStream by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after acquiring an additional 31,943 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of HealthStream by 1.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock valued at $2,134,000 after acquiring an additional 1,131 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in HealthStream in the 2nd quarter valued at $626,000. Finally, Assenagon Asset Management S.A. boosted its stake in HealthStream by 58.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock worth $4,096,000 after purchasing an additional 54,227 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Activity at HealthStream

In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total transaction of $39,942.00. Following the transaction, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the sale, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total value of $84,090.00. Following the completion of the transaction, the senior vice president now owns 9,527 shares of the company’s stock, valued at approximately $267,041.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on HSTM. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Canaccord Genuity Group upped their price objective on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, HealthStream has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

HealthStream Stock Down 0.3 %

Shares of NASDAQ:HSTM opened at $28.84 on Friday. The company has a 50-day moving average price of $28.60 and a 200 day moving average price of $27.77. HealthStream, Inc. has a 52 week low of $21.92 and a 52 week high of $31.15. The company has a market cap of $876.68 million, a P/E ratio of 49.72, a PEG ratio of 4.25 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, July 22nd. The technology company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $71.56 million for the quarter, compared to the consensus estimate of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. Analysts expect that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.028 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.39%. HealthStream’s dividend payout ratio is presently 18.97%.

HealthStream Profile

HealthStream, Inc provides Software-as-a-Service (SaaS) based applications for healthcare organizations in the United States. The company’s solutions help healthcare organizations in meeting their ongoing clinical development, talent management, training, education, assessment, competency management, safety and compliance, and scheduling, as well as provider credentialing, privileging, and enrollment needs.