Bridgeway Capital Management LLC Takes $3.23 Million Position in HealthStream, Inc. $HSTM

Key Points

• Bridgeway Capital Management LLC has acquired a new stake in HealthStream, purchasing 100,304 shares valued at approximately $3.23 million, representing 0.33% of the company's stock.
• HealthStream recently reported an EPS of $0.18 for the quarter, surpassing analyst expectations, and set its FY 2025 guidance on earnings.
• The company announced a quarterly dividend of $0.031 per share with a yield of 0.4%, reflecting a payout ratio of 17.91%.

Bridgeway Capital Management LLC purchased a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 100,304 shares of the technology company's stock, valued at approximately $3,228,000. Bridgeway Capital Management LLC owned approximately 0.33% of HealthStream as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in HSTM. Copeland Capital Management LLC increased its position in shares of HealthStream by 101.3% during the 1st quarter. Copeland Capital Management LLC now owns 763,690 shares of the technology company's stock valued at $24,576,000 after purchasing an additional 384,384 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in HealthStream by 2.4% in the 1st quarter. Harbor Capital Advisors Inc. now owns 424,790 shares of the technology company's stock worth $13,670,000 after buying an additional 10,003 shares during the last quarter. Northern Trust Corp boosted its stake in HealthStream by 26.0% in the first quarter. Northern Trust Corp now owns 386,127 shares of the technology company's stock worth $12,426,000 after buying an additional 79,687 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in HealthStream by 90.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 145,222 shares of the technology company's stock valued at $4,673,000 after acquiring an additional 68,962 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of HealthStream by 2.5% during the first quarter. Principal Financial Group Inc. now owns 129,830 shares of the technology company's stock worth $4,178,000 after acquiring an additional 3,157 shares in the last quarter. Institutional investors own 69.58% of the company's stock.

Insider Activity

In related news, EVP Kevin P. O'hara sold 2,000 shares of HealthStream stock in a transaction on Wednesday, August 27th. The shares were 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 in the company, valued at $479,321.89. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 20.50% of the company's stock.

Analyst Ratings Changes

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

HealthStream Stock Up 3.2%

Shares of HealthStream stock traded up $0.91 on Thursday, hitting $29.22. The stock had a trading volume of 215,725 shares, compared to its average volume of 182,758. HealthStream, Inc. has a one year low of $25.36 and a one year high of $34.24. The stock has a market cap of $866.08 million, a price-to-earnings ratio of 43.61, a PEG ratio of 3.55 and a beta of 0.47. The stock's 50-day simple moving average is $27.10 and its two-hundred day simple moving average is $29.14.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The technology company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $74.40 million during the quarter, compared to analyst estimates of $74.39 million. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. HealthStream has set its FY 2025 guidance at EPS. As a group, equities analysts predict that HealthStream, Inc. will post 0.63 EPS for the current fiscal year.

HealthStream Announces Dividend

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

HealthStream Company 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.