Exchange Traded Concepts LLC Has $774,000 Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Exchange Traded Concepts LLC decreased its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 61.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,057 shares of the technology company's stock after selling 37,799 shares during the period. Exchange Traded Concepts LLC owned approximately 0.08% of HealthStream worth $774,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of HSTM. GAMMA Investing LLC grew its stake in shares of HealthStream by 30.8% in the first quarter. GAMMA Investing LLC now owns 2,082 shares of the technology company's stock worth $67,000 after acquiring an additional 490 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of HealthStream in the fourth quarter worth $80,000. Meeder Asset Management Inc. acquired a new stake in shares of HealthStream in the fourth quarter worth $114,000. Bessemer Group Inc. grew its stake in shares of HealthStream by 1,074.6% in the fourth quarter. Bessemer Group Inc. now owns 3,747 shares of the technology company's stock worth $119,000 after acquiring an additional 3,428 shares during the last quarter. Finally, Lee Danner & Bass Inc. acquired a new stake in shares of HealthStream in the fourth quarter worth $183,000. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Price Performance

HSTM opened at $26.60 on Friday. HealthStream, Inc. has a fifty-two week low of $25.72 and a fifty-two week high of $34.24. The firm's fifty day moving average price is $29.43 and its two-hundred day moving average price is $31.28. The company has a market capitalization of $811.83 million, a P/E ratio of 42.22, a P/E/G ratio of 3.54 and a beta of 0.43.

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

HealthStream announced that its Board of Directors has approved a stock buyback plan on Thursday, May 8th that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the technology company to buy up to 3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.031 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 0.47%. HealthStream's dividend payout ratio is presently 19.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HSTM shares. William Blair reiterated an "outperform" rating on shares of HealthStream in a research note on Tuesday, February 25th. Canaccord Genuity Group decreased their price target on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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.

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