Diversified Trust Co Makes New $213,000 Investment in HealthStream, Inc. (NASDAQ:HSTM)

Diversified Trust Co bought a new position in shares of HealthStream, Inc. (NASDAQ:HSTMFree Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,997 shares of the technology company’s stock, valued at approximately $213,000.

Several other institutional investors have also recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new position in HealthStream during the fourth quarter worth about $311,000. Parallel Advisors LLC grew its holdings in shares of HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after purchasing an additional 501 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of HealthStream by 14.8% during the fourth quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock worth $11,013,000 after purchasing an additional 52,652 shares during the last quarter. Heartland Advisors Inc. grew its holdings in shares of HealthStream by 0.9% during the fourth quarter. Heartland Advisors Inc. now owns 640,725 shares of the technology company’s stock worth $18,459,000 after purchasing an additional 5,593 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of HealthStream during the fourth quarter worth about $307,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $32.00.

Read Our Latest Stock Report on HealthStream

Insiders Place Their Bets

In other HealthStream news, SVP Scott Fenstermacher sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $26.19, for a total transaction of $26,190.00. Following the transaction, the senior vice president now directly owns 13,008 shares in the company, valued at approximately $340,679.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.60% of the company’s stock.

HealthStream Price Performance

Shares of HSTM stock opened at $27.19 on Friday. The business’s 50 day simple moving average is $27.36 and its 200 day simple moving average is $26.77. HealthStream, Inc. has a one year low of $20.47 and a one year high of $29.12. The stock has a market capitalization of $826.58 million, a PE ratio of 46.88, a PEG ratio of 4.26 and a beta of 0.38.

HealthStream (NASDAQ:HSTMGet Free Report) last announced its earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The business had revenue of $72.80 million for the quarter, compared to analysts’ expectations of $71.88 million. During the same period in the prior year, the business posted $0.12 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that HealthStream, Inc. will post 0.54 earnings per share for the current year.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 6th were issued a dividend of $0.028 per share. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Friday, May 3rd. HealthStream’s payout ratio is 18.97%.

HealthStream Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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