Ellsworth Advisors LLC Grows Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Ellsworth Advisors LLC lifted its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 5.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,035 shares of the technology company’s stock after buying an additional 972 shares during the quarter. Ellsworth Advisors LLC’s holdings in HealthStream were worth $578,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HSTM. Wakefield Asset Management LLLP acquired a new stake in HealthStream during the first quarter worth approximately $909,000. Vanguard Group Inc. boosted its holdings in shares of HealthStream by 1.1% during the first quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock worth $78,345,000 after purchasing an additional 31,943 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of HealthStream by 1.5% during 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 purchasing an additional 1,131 shares during the last quarter. Deerfield Management Company L.P. Series C purchased a new stake in shares of HealthStream in the second quarter valued at $626,000. Finally, Assenagon Asset Management S.A. increased its stake in HealthStream by 58.6% in 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 purchasing an additional 54,227 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Price Performance

HealthStream stock opened at $28.84 on Friday. The company has a market cap of $876.68 million, a price-to-earnings ratio of 49.72, a price-to-earnings-growth ratio of 4.25 and a beta of 0.36. HealthStream, Inc. has a 12 month low of $21.92 and a 12 month high of $31.15. The stock’s 50-day moving average is $28.60 and its 200-day moving average is $27.77.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, July 22nd. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The firm had revenue of $71.56 million for the quarter, compared to analyst estimates of $72.85 million. During the same quarter last year, the firm posted $0.13 earnings per share. HealthStream’s revenue for the quarter was up 3.4% compared to the same quarter last year. Research analysts anticipate that HealthStream, Inc. will post 0.56 EPS for the current year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were issued a dividend of $0.028 per share. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.11 annualized dividend and a dividend yield of 0.39%. HealthStream’s payout ratio is 18.97%.

Analyst Upgrades and Downgrades

HSTM has been the subject of several recent analyst reports. Canaccord Genuity Group lifted their price target on HealthStream from $27.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. StockNews.com downgraded 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 issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Insider Buying and Selling

In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the transaction, the senior vice president now directly owns 9,527 shares of the company’s stock, valued at $267,041.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other HealthStream news, SVP Kevin P. O’hara sold 3,000 shares of the company’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 owns 9,527 shares in the company, valued at $267,041.81. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tate Deborah Taylor sold 1,400 shares of HealthStream stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

About HealthStream

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.