Sanctuary Advisors LLC Has $507,000 Stake in HealthStream, Inc. (NASDAQ:HSTM)

Sanctuary Advisors LLC lifted its holdings in HealthStream, Inc. (NASDAQ:HSTM) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,445 shares of the technology company’s stock after acquiring an additional 708 shares during the quarter. Sanctuary Advisors LLC owned approximately 0.05% of HealthStream worth $507,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HSTM. Quarry LP acquired a new position in HealthStream in the third quarter worth $27,000. Vestcor Inc lifted its position in HealthStream by 35.1% during the 3rd quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock worth $216,000 after buying an additional 1,946 shares in the last quarter. Diversified Trust Co grew its holdings in HealthStream by 20.5% during the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock worth $278,000 after acquiring an additional 1,486 shares during the last quarter. Centiva Capital LP acquired a new stake in HealthStream in the 3rd quarter valued at about $260,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in HealthStream in the 3rd quarter valued at about $260,000. 69.58% of the stock is currently owned by institutional investors.

HealthStream Price Performance

HSTM opened at $33.77 on Friday. The firm has a 50 day simple moving average of $32.52 and a 200 day simple moving average of $30.85. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $34.24. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 51.95, a price-to-earnings-growth ratio of 4.37 and a beta of 0.39.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $74.24 million during the quarter, compared to analysts’ expectations of $73.55 million. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.031 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a yield of 0.37%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio (DPR) is 18.18%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HSTM. JMP Securities reissued a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Canaccord Genuity Group increased their price objective on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, William Blair restated an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.00.

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.