Acadian Asset Management LLC Reduces Stake in HealthStream, Inc. $HSTM

Key Points

• Acadian Asset Management LLC has reduced its stake in HealthStream, Inc. by 10.1%, selling 81,169 shares, which leaves it with approximately 725,339 shares valued at $23.3 million.
• HealthStream recently declared a quarterly dividend of $0.031 per share, with an annualized yield of 0.4% and a dividend payout ratio of 17.91%.
• Analysts have lowered HealthStream's price target from $29.00 to $28.00, with mixed ratings ranging from "Strong Buy" to "Hold" affecting the company's average rating of "Moderate Buy".

Acadian Asset Management LLC reduced its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 725,339 shares of the technology company's stock after selling 81,169 shares during the quarter. Acadian Asset Management LLC owned approximately 2.38% of HealthStream worth $23,324,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in HealthStream by 99.6% in the 1st quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock valued at $34,000 after buying an additional 527 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of HealthStream by 30.8% during the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after purchasing an additional 490 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of HealthStream by 62.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock worth $84,000 after purchasing an additional 1,010 shares during the period. Virtus Advisers LLC purchased a new position in shares of HealthStream during the 1st quarter worth $161,000. Finally, Bessemer Group Inc. grew its holdings in shares of HealthStream by 84.1% during the 1st quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company's stock worth $222,000 after purchasing an additional 3,150 shares during the period. 69.58% of the stock is currently owned by hedge funds and other institutional investors.

HealthStream Trading Down 1.3%

HSTM opened at $28.31 on Thursday. The stock's 50-day moving average price is $27.07 and its 200 day moving average price is $29.16. HealthStream, Inc. has a 12-month low of $25.36 and a 12-month high of $34.24. The firm has a market cap of $839.11 million, a price-to-earnings ratio of 42.25, a PEG ratio of 3.59 and a beta of 0.47.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, August 4th. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a return on equity of 5.70% and a net margin of 6.89%.The firm had revenue of $74.40 million for the quarter, compared to analyst estimates of $74.39 million. HealthStream has set its FY 2025 guidance at EPS. On average, research analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.031 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a yield of 0.4%. HealthStream's dividend payout ratio (DPR) is currently 17.91%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on HealthStream from $29.00 to $28.00 and set a "hold" rating for the company in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, HealthStream has an average rating of "Moderate Buy" and an average price target of $31.00.

Insider Transactions at HealthStream

In other HealthStream news, EVP Kevin P. O'hara sold 2,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $27.97, for a total value of $55,940.00. Following the sale, the executive vice president owned 17,137 shares of the company's stock, valued at $479,321.89. This trade represents a 10.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.50% of the stock is owned by corporate insiders.

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.

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