Connor Clark & Lunn Investment Management Ltd. Buys 10,382 Shares of HealthStream, Inc. $HSTM

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in HealthStream, Inc. by 36.3%, acquiring an additional 10,382 shares, bringing its total ownership to approximately 39,000 shares.
• HealthStream recently reported earnings per share of $0.18, surpassing the consensus estimate of $0.16, with revenue hitting $74.40 million.
• The company declared a quarterly dividend of $0.031 per share, signaling a 0.5% yield based on an annualized basis.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 36.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,998 shares of the technology company's stock after buying an additional 10,382 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.13% of HealthStream worth $1,255,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its position in HealthStream by 99.6% during the first quarter. First Horizon Advisors Inc. now owns 1,056 shares of the technology company's stock worth $34,000 after buying an additional 527 shares in the last quarter. GAMMA Investing LLC grew its position in HealthStream by 30.8% during the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after buying an additional 490 shares in the last quarter. PNC Financial Services Group Inc. grew its position in HealthStream by 62.5% during the first quarter. PNC Financial Services Group Inc. now owns 2,625 shares of the technology company's stock worth $84,000 after buying an additional 1,010 shares in the last quarter. Bessemer Group Inc. grew its position in HealthStream by 84.1% during the first quarter. Bessemer Group Inc. now owns 6,897 shares of the technology company's stock worth $222,000 after buying an additional 3,150 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in HealthStream during the fourth quarter worth about $228,000. 69.58% of the stock is owned by institutional investors and hedge funds.

HealthStream Price Performance

Shares of NASDAQ:HSTM traded up $0.13 during trading on Thursday, reaching $26.93. The stock had a trading volume of 143,726 shares, compared to its average volume of 188,040. HealthStream, Inc. has a 52 week low of $25.36 and a 52 week high of $34.24. The business's 50-day moving average price is $26.85 and its 200 day moving average price is $29.68. The stock has a market capitalization of $798.21 million, a PE ratio of 40.19, a P/E/G ratio of 3.36 and a beta of 0.43.

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, beating analysts' consensus estimates of $0.16 by $0.02. HealthStream had a net margin of 6.89% and a return on equity of 5.70%. The company had revenue of $74.40 million during the quarter, compared to analysts' expectations of $74.39 million. HealthStream has set its FY 2025 guidance at EPS. Analysts forecast that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream declared that its board has initiated a share repurchase plan on Thursday, May 8th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the technology company to reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a $0.031 dividend. The ex-dividend date is Monday, August 18th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.5%. HealthStream's payout ratio is 17.91%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their target price on HealthStream from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Thursday, August 7th. One research 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.00.

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.