Hillsdale Investment Management Inc. Has $4.97 Million Stake in HealthStream, Inc. (NASDAQ:HSTM)

Hillsdale Investment Management Inc. trimmed its holdings in shares of HealthStream, Inc. (NASDAQ:HSTM) by 14.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,251 shares of the technology company’s stock after selling 25,930 shares during the period. Hillsdale Investment Management Inc. owned 0.51% of HealthStream worth $4,969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in HealthStream by 0.6% during the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company’s stock valued at $2,368,000 after purchasing an additional 412 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in HealthStream by 4.8% during the 4th quarter. Sanctuary Advisors LLC now owns 15,445 shares of the technology company’s stock valued at $507,000 after purchasing an additional 708 shares in the last quarter. Quarry LP acquired a new stake in HealthStream during the 3rd quarter valued at $27,000. Diversified Trust Co increased its holdings in HealthStream by 20.5% during the 4th quarter. Diversified Trust Co now owns 8,733 shares of the technology company’s stock valued at $278,000 after purchasing an additional 1,486 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in HealthStream by 2.7% during the 3rd quarter. Martingale Asset Management L P now owns 57,680 shares of the technology company’s stock valued at $1,663,000 after purchasing an additional 1,532 shares in the last quarter. 69.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HSTM has been the subject of several research reports. William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Canaccord Genuity Group raised their price target on HealthStream from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Finally, JMP Securities restated a “market perform” rating on shares of HealthStream in a research report on Thursday, February 6th. Two 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

HealthStream Price Performance

Shares of HealthStream stock opened at $31.55 on Friday. The firm has a market cap of $960.19 million, a price-to-earnings ratio of 48.54, a price-to-earnings-growth ratio of 4.37 and a beta of 0.37. The stock’s 50-day moving average is $32.56 and its 200-day moving average is $31.22. HealthStream, Inc. has a one year low of $23.92 and a one year high of $34.24.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $74.24 million for the quarter, compared to analyst estimates of $73.55 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. During the same period in the previous year, the company posted $0.14 earnings per share. On average, equities analysts expect that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.031 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.39%. This is an increase from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s payout ratio is currently 18.18%.

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.