33,200 Shares in HealthStream, Inc. (NASDAQ:HSTM) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,200 shares of the technology company's stock, valued at approximately $1,056,000. KLP Kapitalforvaltning AS owned 0.11% of HealthStream as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Quarry LP bought a new stake in HealthStream during the third quarter worth approximately $27,000. Lee Danner & Bass Inc. bought a new stake in shares of HealthStream during the 4th quarter worth $183,000. Vestcor Inc boosted its stake in shares of 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 acquiring an additional 1,946 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of HealthStream in the 3rd quarter worth $260,000. Finally, Centiva Capital LP acquired a new position in shares of HealthStream in the 3rd quarter worth $260,000. Institutional investors own 69.58% of the company's stock.

HealthStream Trading Down 2.0 %

NASDAQ HSTM traded down $0.63 during trading on Friday, reaching $31.26. 216,446 shares of the company's stock were exchanged, compared to its average volume of 130,931. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $34.24. The company's fifty day simple moving average is $32.60 and its 200-day simple moving average is $31.47. The firm has a market capitalization of $951.37 million, a PE ratio of 48.09, a P/E/G ratio of 4.37 and a beta of 0.37.

Remove Ads

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $74.24 million during the quarter, compared to analysts' expectations of $73.55 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same period last year, the company posted $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 disclosed 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 represents a $0.12 annualized dividend and a dividend yield of 0.40%. This is a positive change from HealthStream's previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. HealthStream's dividend payout ratio (DPR) is currently 18.18%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HSTM. JMP Securities reaffirmed a "market perform" rating on shares of HealthStream in a report on Thursday, February 6th. Canaccord Genuity Group upped their price objective on shares of HealthStream from $29.00 to $30.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Finally, William Blair reissued an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.00.

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.