Inspire Investing LLC Lowers Stock Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Inspire Investing LLC reduced its position in HealthStream, Inc. (NASDAQ:HSTM) by 14.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,466 shares of the technology company’s stock after selling 4,878 shares during the quarter. Inspire Investing LLC owned about 0.09% of HealthStream worth $794,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HSTM. Harbor Capital Advisors Inc. boosted its holdings in HealthStream by 197.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock valued at $4,628,000 after purchasing an additional 110,189 shares during the period. First Eagle Investment Management LLC boosted its stake 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 buying an additional 87,400 shares during the period. Assenagon Asset Management S.A. grew its position 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 worth $4,096,000 after buying an additional 54,227 shares in the last quarter. Wakefield Asset Management LLLP bought a new position in HealthStream in the 1st quarter worth about $909,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of HealthStream by 97.1% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

HealthStream Price Performance

Shares of HSTM opened at $28.67 on Friday. HealthStream, Inc. has a 1 year low of $21.08 and a 1 year high of $31.15. The stock has a 50 day simple moving average of $28.81 and a two-hundred day simple moving average of $27.45. The firm has a market cap of $871.51 million, a P/E ratio of 49.43, a P/E/G ratio of 4.13 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, July 22nd. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $71.56 million during the quarter, compared to analysts’ expectations of $72.85 million. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.13 EPS. On average, equities analysts anticipate that HealthStream, Inc. will post 0.56 earnings per share for the current year.

HealthStream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Monday, August 5th. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HSTM shares. Canaccord Genuity Group upped their price objective on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, HealthStream presently has an average rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Activity at HealthStream

In other HealthStream news, 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 sale, the senior vice president now owns 9,527 shares in the company, valued at $267,041.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $28.03, for a total transaction of $84,090.00. Following the completion of the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Tate Deborah Taylor sold 1,400 shares of the stock in a transaction dated 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 $636,960.78. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by company insiders.

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.