72,988 Shares in HealthStream, Inc. $HSTM Bought by Globeflex Capital L P

Globeflex Capital L P bought a new stake in HealthStream, Inc. (NASDAQ:HSTMFree Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 72,988 shares of the technology company’s stock, valued at approximately $1,989,000. Globeflex Capital L P owned about 0.25% of HealthStream at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in HealthStream during the second quarter worth approximately $111,184,000. Dimensional Fund Advisors LP raised its stake in shares of HealthStream by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock valued at $30,156,000 after acquiring an additional 87,177 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of HealthStream by 43.8% during the 1st quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock valued at $26,441,000 after acquiring an additional 389,186 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of HealthStream by 0.5% during the 1st quarter. Renaissance Technologies LLC now owns 477,848 shares of the technology company’s stock valued at $9,896,000 after acquiring an additional 2,380 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in HealthStream by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 452,897 shares of the technology company’s stock worth $10,448,000 after purchasing an additional 20,075 shares during the period. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Stock Down 0.3%

HSTM opened at $28.78 on Tuesday. The firm’s 50 day moving average is $27.88 and its 200-day moving average is $24.09. HealthStream, Inc. has a 52-week low of $19.50 and a 52-week high of $31.11. The firm has a market capitalization of $840.81 million, a P/E ratio of 39.97, a P/E/G ratio of 3.34 and a beta of 0.44.

HealthStream (NASDAQ:HSTMGet Free Report) last released its earnings results on Monday, August 3rd. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. HealthStream had a return on equity of 6.81% and a net margin of 6.60%.The company had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $80.82 million. Equities analysts expect that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.035 per share. The ex-dividend date is Monday, August 17th. This represents a $0.14 annualized dividend and a yield of 0.5%. HealthStream’s payout ratio is presently 19.44%.

Insiders Place Their Bets

In other HealthStream news, Director Linda Rebrovick sold 6,000 shares of the stock in a transaction on Monday, July 6th. The shares were sold at an average price of $29.00, for a total transaction of $174,000.00. Following the sale, the director directly owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. This represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wall Street Zen downgraded HealthStream from a “buy” rating to a “hold” rating in a report on Saturday. Canaccord Genuity Group boosted their price objective on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HealthStream has an average rating of “Hold” and a consensus price target of $27.00.

Read Our Latest Stock Analysis on HSTM

HealthStream Company Profile

(Free Report)

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.

Further Reading

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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