Western Standard LLC Sells 128,252 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Western Standard LLC lessened its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 66.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,004 shares of the technology company's stock after selling 128,252 shares during the quarter. HealthStream makes up about 1.8% of Western Standard LLC's investment portfolio, making the stock its 19th largest position. Western Standard LLC owned 0.22% of HealthStream worth $1,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its holdings in HealthStream by 36.0% during the third quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company's stock valued at $39,000 after purchasing an additional 359 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in HealthStream by 10.0% in the second quarter. The Manufacturers Life Insurance Company now owns 9,671 shares of the technology company's stock valued at $270,000 after acquiring an additional 876 shares during the period. Price T Rowe Associates Inc. MD raised its stake in HealthStream by 6.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,178 shares of the technology company's stock worth $432,000 after acquiring an additional 918 shares in the last quarter. Quarry LP bought a new position in shares of HealthStream during the third quarter valued at $27,000. Finally, Ellsworth Advisors LLC boosted its stake in shares of HealthStream by 5.1% in the 3rd quarter. Ellsworth Advisors LLC now owns 20,035 shares of the technology company's stock valued at $578,000 after purchasing an additional 972 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors.

HealthStream Stock Performance

Shares of NASDAQ HSTM traded down $0.21 during trading on Friday, reaching $32.23. The company had a trading volume of 67,210 shares, compared to its average volume of 117,752. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.52. The business's 50 day moving average price is $30.43 and its 200-day moving average price is $29.04. The stock has a market cap of $980.28 million, a PE ratio of 49.86, a PEG ratio of 4.38 and a beta of 0.38.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, October 21st. The technology company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $73.10 million for the quarter, compared to analyst estimates of $73.53 million. During the same period last year, the company earned $0.13 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were given a dividend of $0.028 per share. The ex-dividend date was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a yield of 0.35%. HealthStream's payout ratio is presently 16.92%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HSTM. Craig Hallum raised shares of HealthStream to a "strong-buy" rating in a report on Thursday, October 17th. Barclays lifted their target price on shares of HealthStream from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Canaccord Genuity Group increased their price target on HealthStream from $28.00 to $29.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

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.