Wakefield Asset Management LLLP Sells 449 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Wakefield Asset Management LLLP decreased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 1.3% during the 2nd quarter, Holdings Channel reports. The fund owned 33,653 shares of the technology company’s stock after selling 449 shares during the quarter. Wakefield Asset Management LLLP’s holdings in HealthStream were worth $939,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of HealthStream by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after buying an additional 31,943 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in shares of HealthStream by 1.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 78,749 shares of the technology company’s stock worth $2,134,000 after acquiring an additional 1,131 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 purchasing an additional 54,227 shares during the period. First Eagle Investment Management LLC lifted its holdings in shares of HealthStream by 14.8% during the 4th quarter. First Eagle Investment Management LLC now owns 407,428 shares of the technology company’s stock valued at $11,013,000 after purchasing an additional 52,652 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of HealthStream in the 4th quarter valued at approximately $307,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Stock Performance

NASDAQ HSTM opened at $28.34 on Friday. The stock has a market capitalization of $861.48 million, a price-to-earnings ratio of 48.86, a PEG ratio of 4.30 and a beta of 0.36. HealthStream, Inc. has a 52 week low of $20.47 and a 52 week high of $31.15. The stock’s 50 day moving average price is $28.64 and its two-hundred day moving average price is $27.34.

HealthStream (NASDAQ:HSTM) last released its earnings results 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. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The business had revenue of $71.56 million during the quarter, compared to the consensus estimate of $72.85 million. During the same quarter last year, the firm earned $0.13 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts forecast that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a dividend of $0.028 per share. The ex-dividend date was Monday, August 5th. This represents a $0.11 annualized dividend and a yield of 0.40%. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Wall Street Analyst Weigh In

Several brokerages have commented on HSTM. Canaccord Genuity Group raised their target price on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.00.

Insider Buying and Selling at HealthStream

In other news, Director Tate Deborah Taylor sold 1,400 shares of the company’s 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 in the company, valued at approximately $636,960.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Tate Deborah Taylor sold 1,400 shares of the business’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 transaction, the director now directly owns 22,326 shares in the company, valued at approximately $636,960.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the senior vice president now directly owns 9,527 shares in the company, valued at $267,041.81. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company’s stock.

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.