Summit Global Investments Has $335,000 Holdings in HealthStream, Inc. (NASDAQ:HSTM)

Summit Global Investments lowered its stake in shares of HealthStream, Inc. (NASDAQ:HSTM) by 6.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,378 shares of the technology company’s stock after selling 886 shares during the period. Summit Global Investments’ holdings in HealthStream were worth $335,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in HealthStream during the third quarter valued at about $252,000. Strs Ohio increased its stake in shares of HealthStream by 10.7% during the 3rd quarter. Strs Ohio now owns 27,900 shares of the technology company’s stock worth $602,000 after purchasing an additional 2,700 shares during the last quarter. Cambiar Investors LLC raised its holdings in shares of HealthStream by 21.2% in the 3rd quarter. Cambiar Investors LLC now owns 111,321 shares of the technology company’s stock worth $2,402,000 after purchasing an additional 19,499 shares during the period. Signaturefd LLC lifted its stake in HealthStream by 568.2% in the third quarter. Signaturefd LLC now owns 1,156 shares of the technology company’s stock valued at $25,000 after purchasing an additional 983 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in HealthStream by 295.6% during the third quarter. Assenagon Asset Management S.A. now owns 133,712 shares of the technology company’s stock valued at $2,886,000 after purchasing an additional 99,913 shares during the period. 69.58% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Scott Fenstermacher sold 1,000 shares of HealthStream stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the sale, the senior vice president now owns 13,008 shares of the company’s stock, valued at $340,679.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,000 shares of company stock worth $619,320. 20.60% of the stock is owned by company insiders.

HealthStream Trading Up 0.1 %

HealthStream stock opened at $27.03 on Monday. The firm has a market capitalization of $821.71 million, a price-to-earnings ratio of 46.60, a P/E/G ratio of 4.17 and a beta of 0.38. The firm has a 50 day simple moving average of $25.98 and a 200 day simple moving average of $26.09. HealthStream, Inc. has a 1-year low of $20.47 and a 1-year high of $29.12.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts forecast that HealthStream, Inc. will post 0.54 EPS for the current year.

HealthStream Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be issued a $0.028 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Friday, May 3rd. HealthStream’s payout ratio is 18.97%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HSTM shares. William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research report on Tuesday, February 20th. StockNews.com downgraded shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.