Cwm LLC increased its stake in HealthStream, Inc. (NASDAQ:HSTM – Free Report) by 64.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,448 shares of the technology company’s stock after purchasing an additional 1,739 shares during the quarter. Cwm LLC’s holdings in HealthStream were worth $128,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of HSTM. Harbor Capital Advisors Inc. raised its holdings in HealthStream by 197.8% during the second quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock valued at $4,628,000 after acquiring an additional 110,189 shares during the period. First Eagle Investment Management LLC raised its holdings in HealthStream by 21.5% during the first quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock valued at $13,192,000 after acquiring an additional 87,400 shares during the period. Assenagon Asset Management S.A. raised its holdings in HealthStream by 58.6% during the second quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after acquiring an additional 54,227 shares during the period. Wakefield Asset Management LLLP bought a new stake in HealthStream during the first quarter valued at about $909,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in HealthStream by 97.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after acquiring an additional 33,161 shares during the period. 69.58% of the stock is owned by institutional investors.
HealthStream Stock Down 1.8 %
Shares of NASDAQ:HSTM opened at $28.11 on Friday. The company has a market capitalization of $854.49 million, a price-to-earnings ratio of 48.47, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $31.15. The firm has a 50 day moving average of $28.71 and a 200 day moving average of $27.88.
HealthStream Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Monday, November 4th. HealthStream’s payout ratio is currently 18.97%.
Insider Transactions at HealthStream
In related 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 completion of the transaction, the director now owns 22,326 shares in the company, valued at $636,960.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other HealthStream news, Director Tate Deborah Taylor sold 1,400 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the sale, the director now owns 22,326 shares in the company, valued at approximately $636,960.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total transaction of $84,090.00. Following the sale, the senior vice president now owns 9,527 shares of the company’s stock, valued at $267,041.81. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company’s stock.
Wall Street Analyst Weigh In
HSTM has been the topic of several research reports. StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Canaccord Genuity Group lifted their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday. Craig Hallum raised HealthStream to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Barclays lifted their target price on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, HealthStream presently has an average rating of “Moderate Buy” and an average target price of $31.50.
Check Out Our Latest Analysis on HealthStream
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.
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