HealthStream, Inc. (NASDAQ:HSTM) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its stake in shares of HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 61.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,057 shares of the technology company's stock after selling 37,799 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.08% of HealthStream worth $774,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Rhumbline Advisers lifted its holdings in shares of HealthStream by 0.6% in the 4th quarter. Rhumbline Advisers now owns 74,468 shares of the technology company's stock worth $2,368,000 after buying an additional 412 shares during the period. Franklin Resources Inc. lifted its stake in HealthStream by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 44,672 shares of the technology company's stock worth $1,421,000 after acquiring an additional 413 shares during the period. Sterling Capital Management LLC grew its holdings in HealthStream by 3.0% during the 4th quarter. Sterling Capital Management LLC now owns 15,814 shares of the technology company's stock worth $503,000 after acquiring an additional 459 shares in the last quarter. GAMMA Investing LLC increased its position in HealthStream by 30.8% during the 1st quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock valued at $67,000 after purchasing an additional 490 shares during the period. Finally, Bridge City Capital LLC increased its position in HealthStream by 0.9% during the 4th quarter. Bridge City Capital LLC now owns 59,254 shares of the technology company's stock valued at $1,884,000 after purchasing an additional 535 shares during the period. 69.58% of the stock is owned by hedge funds and other institutional investors.

HealthStream Stock Down 0.7%

Shares of HealthStream stock traded down $0.18 on Tuesday, reaching $27.08. The stock had a trading volume of 165,216 shares, compared to its average volume of 153,732. The stock has a market capitalization of $826.48 million, a P/E ratio of 42.98, a P/E/G ratio of 3.44 and a beta of 0.43. The company has a 50 day moving average price of $29.32 and a 200 day moving average price of $31.22. HealthStream, Inc. has a 1 year low of $25.72 and a 1 year high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $73.49 million during the quarter, compared to analysts' expectations of $74.93 million. HealthStream had a return on equity of 5.36% and a net margin of 6.54%. During the same period in the prior year, the firm posted $0.17 earnings per share. On average, analysts forecast that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream announced that its Board of Directors has authorized a share buyback program on Thursday, May 8th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the technology company to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

HealthStream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a $0.031 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, May 19th. HealthStream's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

HSTM has been the topic of a number of recent research reports. William Blair reiterated an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Canaccord Genuity Group dropped their target price on HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

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.