GAMMA Investing LLC Buys 359 Shares of HealthStream, Inc. (NASDAQ:HSTM)

GAMMA Investing LLC lifted its stake in HealthStream, Inc. (NASDAQ:HSTM) by 36.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,355 shares of the technology company’s stock after acquiring an additional 359 shares during the quarter. GAMMA Investing LLC’s holdings in HealthStream were worth $39,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HSTM. Quadrature Capital Ltd purchased a new stake in HealthStream in the fourth quarter worth approximately $311,000. Diversified Trust Co purchased a new position in shares of HealthStream in the 1st quarter worth $213,000. Allspring Global Investments Holdings LLC grew its holdings in shares of HealthStream by 82.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 34,135 shares of the technology company’s stock worth $910,000 after acquiring an additional 15,425 shares during the period. Wakefield Asset Management LLLP purchased a new stake in HealthStream during the first quarter valued at $909,000. Finally, Sei Investments Co. lifted its holdings in HealthStream by 2.3% in the first quarter. Sei Investments Co. now owns 171,427 shares of the technology company’s stock valued at $4,570,000 after acquiring an additional 3,926 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HSTM has been the subject of a number of recent research reports. StockNews.com downgraded HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group boosted their target price on shares of HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.00.

Insider Transactions at HealthStream

In related news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction on 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 owns 22,326 shares in the company, valued at approximately $636,960.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction that occurred 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 owns 22,326 shares of the company’s stock, valued at approximately $636,960.78. This trade represents a 0.00 % decrease in their position. The sale 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 business’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 value of $84,090.00. Following the completion of the transaction, the senior vice president now directly owns 9,527 shares in the company, valued at approximately $267,041.81. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company’s stock.

HealthStream Stock Performance

NASDAQ HSTM opened at $28.93 on Friday. The business’s fifty day moving average is $28.58 and its 200 day moving average is $27.77. HealthStream, Inc. has a fifty-two week low of $21.92 and a fifty-two week high of $31.15. The company has a market capitalization of $879.41 million, a PE ratio of 49.88, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings data 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 analysts’ expectations of $72.85 million. HealthStream had a return on equity of 5.19% and a net margin of 6.26%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. On average, sell-side analysts forecast that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid 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 (DPR) 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.