14,693 Shares in HealthStream, Inc. (HSTM) Purchased by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC bought a new stake in HealthStream, Inc. (NASDAQ:HSTM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,693 shares of the technology company’s stock, valued at approximately $340,000.

Several other large investors also recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its position in HealthStream by 5.1% during the third quarter. Allianz Asset Management GmbH now owns 54,009 shares of the technology company’s stock worth $1,262,000 after buying an additional 2,612 shares during the last quarter. Trexquant Investment LP increased its position in HealthStream by 22.8% during the third quarter. Trexquant Investment LP now owns 16,873 shares of the technology company’s stock worth $394,000 after buying an additional 3,133 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in HealthStream by 59.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 9,570 shares of the technology company’s stock worth $224,000 after buying an additional 3,570 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in HealthStream by 65.6% during the third quarter. BNP Paribas Arbitrage SA now owns 13,466 shares of the technology company’s stock worth $315,000 after buying an additional 5,335 shares during the last quarter. Finally, DF Dent & Co. Inc. increased its position in HealthStream by 39.0% during the third quarter. DF Dent & Co. Inc. now owns 22,332 shares of the technology company’s stock worth $522,000 after buying an additional 6,262 shares during the last quarter. 71.03% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director William Stead sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.41, for a total transaction of $366,150.00. Following the completion of the sale, the director now owns 36,006 shares in the company, valued at $878,906.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey Doster sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $24.57, for a total value of $245,700.00. Following the sale, the insider now owns 45,235 shares of the company’s stock, valued at approximately $1,111,423.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,452 shares of company stock valued at $2,348,975. Corporate insiders own 21.10% of the company’s stock.

A number of equities analysts have weighed in on HSTM shares. Barrington Research reissued a “buy” rating and set a $32.00 price target on shares of HealthStream in a research report on Monday, February 26th. ValuEngine raised HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Cantor Fitzgerald reissued a “hold” rating and set a $24.00 price target on shares of HealthStream in a research report on Monday, February 12th. BidaskClub raised HealthStream from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Finally, Zacks Investment Research raised HealthStream from a “sell” rating to a “hold” rating in a research report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $25.86.

Shares of NASDAQ:HSTM opened at $24.83 on Monday. HealthStream, Inc. has a 12-month low of $21.15 and a 12-month high of $31.53. The company has a market cap of $795.55, a PE ratio of 103.46, a PEG ratio of 5.54 and a beta of 0.73.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Tuesday, February 20th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. HealthStream had a return on equity of 2.73% and a net margin of 4.04%. The company had revenue of $62.76 million during the quarter, compared to analysts’ expectations of $61.98 million. equities research analysts expect that HealthStream, Inc. will post 0.28 EPS for the current year.

The company also recently disclosed a special dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Tuesday, March 6th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, March 5th.

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About HealthStream

HealthStream, Inc provides workforce and provider solutions to the healthcare organizations in the United States. It operates in HealthStream Workforce Solutions and HealthStream Provider Solutions segments. The company offers workforce development solutions comprising software-as-a-service (SaaS) and subscription-based products to meet talent management, training, certification, competency assessment, performance appraisal, and development needs, as well as training, implementation, and account management services.

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Institutional Ownership by Quarter for HealthStream (NASDAQ:HSTM)

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