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

Globeflex Capital L P bought a new position in HealthStream, Inc. (NASDAQ:HSTM) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 72,988 shares of the technology company’s stock, valued at approximately $1,989,000.

A number of other hedge funds also recently added to or reduced their stakes in HSTM. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HealthStream by 76.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock valued at $28,000 after acquiring an additional 444 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of HealthStream by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock worth $259,000 after acquiring an additional 586 shares during the period. Danske Bank A S increased its holdings in shares of HealthStream by 175.0% in the 4th quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after acquiring an additional 700 shares during the period. Snowden Capital Advisors LLC lifted its position in HealthStream by 8.7% in the 2nd quarter. Snowden Capital Advisors LLC now owns 10,196 shares of the technology company’s stock valued at $282,000 after purchasing an additional 816 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in HealthStream by 1.9% during the 2nd quarter. Jane Street Group LLC now owns 48,533 shares of the technology company’s stock valued at $1,343,000 after purchasing an additional 922 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Linda Rebrovick sold 6,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 51,329 shares in the company, valued at $1,488,541. This trade represents a 10.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen cut HealthStream from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings upgraded HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $27.00.

HealthStream Stock Performance

Shares of HSTM opened at $28.78 on Tuesday. HealthStream, Inc. has a one year low of $19.50 and a one year high of $31.11. The stock’s fifty day moving average is $27.88 and its 200-day moving average is $24.09. The firm has a market capitalization of $840.81 million, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 3.34 and a beta of 0.44.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $83.73 million during the quarter, compared to the consensus estimate of $80.82 million. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. Analysts forecast that HealthStream, Inc. will post 0.72 EPS for the current fiscal year.

HealthStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be issued a $0.035 dividend. The ex-dividend date is Monday, August 17th. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. HealthStream’s dividend payout ratio (DPR) is 19.44%.

About HealthStream

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.