Hillsdale Investment Management Inc. Has $4.97 Million Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Hillsdale Investment Management Inc. lowered its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 14.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 156,251 shares of the technology company's stock after selling 25,930 shares during the period. Hillsdale Investment Management Inc. owned 0.51% of HealthStream worth $4,969,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in HealthStream by 0.6% during the fourth quarter. Rhumbline Advisers now owns 74,468 shares of the technology company's stock worth $2,368,000 after purchasing an additional 412 shares in the last quarter. Sanctuary Advisors LLC raised its position in shares of HealthStream by 4.8% during the fourth quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company's stock worth $507,000 after purchasing an additional 708 shares during the period. Quarry LP acquired a new position in shares of HealthStream in the 3rd quarter valued at $27,000. Diversified Trust Co raised 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 buying an additional 1,486 shares during the period. Finally, Martingale Asset Management L P increased its position in shares of HealthStream by 2.7% in the third quarter. Martingale Asset Management L P now owns 57,680 shares of the technology company's stock worth $1,663,000 after acquiring an additional 1,532 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

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Analysts Set New Price Targets

HSTM has been the subject of several research analyst reports. Canaccord Genuity Group increased their price objective on HealthStream from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. William Blair reaffirmed an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a report on Thursday, February 6th. Two equities research 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. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

HealthStream Trading Down 0.3 %

Shares of NASDAQ:HSTM traded down $0.11 during midday trading on Wednesday, hitting $31.90. The company had a trading volume of 79,223 shares, compared to its average volume of 121,701. The stock has a market cap of $970.84 million, a price-to-earnings ratio of 49.08, a PEG ratio of 4.37 and a beta of 0.37. The firm has a fifty day simple moving average of $32.59 and a 200 day simple moving average of $31.31. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period last year, the company earned $0.14 earnings per share. Equities analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.031 per share. This is a boost from HealthStream's previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a yield of 0.39%. The ex-dividend date was Monday, March 10th. HealthStream's dividend payout ratio (DPR) is presently 18.18%.

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.