Assenagon Asset Management S.A. Sells 35,898 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Assenagon Asset Management S.A. cut its holdings in HealthStream, Inc. (NASDAQ:HSTMFree Report) by 26.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,814 shares of the technology company’s stock after selling 35,898 shares during the period. Assenagon Asset Management S.A. owned 0.32% of HealthStream worth $2,644,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC raised its position in HealthStream by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 58,816 shares of the technology company’s stock worth $1,590,000 after acquiring an additional 463 shares during the period. American Century Companies Inc. raised its position in HealthStream by 31.6% in the third quarter. American Century Companies Inc. now owns 17,175 shares of the technology company’s stock worth $371,000 after acquiring an additional 4,121 shares during the period. Walleye Capital LLC bought a new position in HealthStream in the third quarter worth approximately $247,000. Comerica Bank bought a new position in HealthStream in the third quarter worth approximately $243,000. Finally, Jacobs Levy Equity Management Inc. raised its position in HealthStream by 2.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 194,988 shares of the technology company’s stock worth $4,208,000 after acquiring an additional 4,717 shares during the period. 69.58% of the stock is currently owned by institutional investors.

Insider Activity at HealthStream

In related news, EVP Michael Sousa sold 15,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the transaction, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of HealthStream stock in a transaction on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the transaction, the executive vice president now directly owns 42,525 shares of the company’s stock, valued at approximately $1,158,806.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The disclosure for this sale can be found here. 21.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HSTM has been the subject of a number of analyst reports. Barclays initiated coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They issued an “overweight” rating and a $32.00 price objective for the company. JMP Securities initiated coverage on shares of HealthStream in a research note on Wednesday, December 6th. They issued a “market perform” rating for the company. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Finally, William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, HealthStream has an average rating of “Moderate Buy” and a consensus target price of $32.00.

Check Out Our Latest Stock Report on HealthStream

HealthStream Stock Performance

HSTM opened at $25.61 on Thursday. The stock has a market capitalization of $775.98 million, a price-to-earnings ratio of 51.22, a PEG ratio of 4.27 and a beta of 0.36. The company has a fifty day moving average of $26.69 and a 200 day moving average of $25.53. HealthStream, Inc. has a fifty-two week low of $20.47 and a fifty-two week high of $29.12.

HealthStream (NASDAQ:HSTMGet Free Report) last posted its earnings results on Monday, February 19th. The technology company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The company had revenue of $70.58 million during the quarter, compared to analysts’ expectations of $71.83 million. HealthStream had a net margin of 5.45% and a return on equity of 4.71%. During the same period last year, the company posted $0.08 earnings per share. On average, equities research analysts forecast that HealthStream, Inc. will post 0.51 earnings per share for the current year.

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a yield of 0.44%. This is a boost from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, March 8th. HealthStream’s dividend payout ratio (DPR) is presently 22.00%.

HealthStream Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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