GAMMA Investing LLC Acquires 65,407 Shares of HealthStream, Inc. (NASDAQ:HSTM)

GAMMA Investing LLC raised its stake in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 4,108.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,999 shares of the technology company's stock after buying an additional 65,407 shares during the period. GAMMA Investing LLC owned approximately 0.22% of HealthStream worth $2,082,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HSTM. Vanguard Group Inc. grew its holdings in shares of HealthStream by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 3,055,060 shares of the technology company's stock worth $97,151,000 after acquiring an additional 92,067 shares during the last quarter. Geode Capital Management LLC increased its stake in HealthStream by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 694,274 shares of the technology company's stock worth $22,082,000 after purchasing an additional 19,510 shares in the last quarter. Northern Trust Corp raised its holdings in HealthStream by 13.4% during the 4th quarter. Northern Trust Corp now owns 306,440 shares of the technology company's stock worth $9,745,000 after buying an additional 36,239 shares during the period. Cerity Partners LLC lifted its stake in HealthStream by 3,889.2% during the fourth quarter. Cerity Partners LLC now owns 300,070 shares of the technology company's stock valued at $9,534,000 after buying an additional 292,548 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in HealthStream by 11.5% during the fourth quarter. Invesco Ltd. now owns 248,221 shares of the technology company's stock valued at $7,893,000 after buying an additional 25,519 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Trading Down 0.4%

NASDAQ:HSTM traded down $0.12 on Tuesday, hitting $27.39. 210,206 shares of the company's stock traded hands, compared to its average volume of 151,132. The company has a market cap of $835.94 million, a PE ratio of 43.48, a price-to-earnings-growth ratio of 3.55 and a beta of 0.43. HealthStream, Inc. has a 1 year low of $25.84 and a 1 year high of $34.24. The firm has a 50-day moving average price of $29.70 and a 200-day moving average price of $31.39.

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

HealthStream declared that its Board of Directors has approved a share repurchase 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 reacquire up to 3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

HealthStream Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.12 annualized dividend and a dividend yield of 0.45%. HealthStream's dividend payout ratio is 19.05%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. William Blair reissued an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Canaccord Genuity Group lowered their price objective on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating on the stock in a research report on Thursday, May 15th. Two 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 company's stock. According to MarketBeat, HealthStream currently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

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.