GAMMA Investing LLC Has $2.08 Million Holdings in HealthStream, Inc. (NASDAQ:HSTM)

GAMMA Investing LLC lifted its holdings in HealthStream, Inc. (NASDAQ:HSTM - Free Report) by 4,108.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 66,999 shares of the technology company's stock after purchasing an additional 65,407 shares during the period. GAMMA Investing LLC owned 0.22% of HealthStream worth $2,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jefferies Financial Group Inc. acquired a new stake in shares of HealthStream in the 4th quarter valued at $1,822,000. Polar Asset Management Partners Inc. lifted its position in HealthStream by 62.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 91,952 shares of the technology company's stock worth $2,924,000 after acquiring an additional 35,252 shares during the last quarter. Mackenzie Financial Corp acquired a new position in HealthStream during the 4th quarter worth $228,000. Squarepoint Ops LLC lifted its position in HealthStream by 13.2% during the 4th quarter. Squarepoint Ops LLC now owns 11,257 shares of the technology company's stock worth $358,000 after acquiring an additional 1,316 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in HealthStream during the 4th quarter worth $233,000. Institutional investors and hedge funds own 69.58% of the company's stock.

HealthStream Stock Down 0.7%

NASDAQ HSTM opened at $27.25 on Friday. The stock has a market cap of $831.81 million, a P/E ratio of 41.92, a PEG ratio of 4.37 and a beta of 0.43. The company's 50-day simple moving average is $29.86 and its 200 day simple moving average is $31.48. HealthStream, Inc. has a twelve month low of $25.84 and a twelve month high of $34.24.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, May 5th. The technology company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). The business had revenue of $73.49 million during the quarter, compared to the consensus estimate of $74.93 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. During the same period in the previous year, the firm earned $0.17 EPS. Research analysts anticipate that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were paid a dividend of $0.031 per share. The ex-dividend date was Monday, May 19th. This represents a $0.12 annualized dividend and a yield of 0.46%. HealthStream's dividend payout ratio is 19.05%.

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

Analyst Ratings Changes

HSTM has been the subject of a number of research analyst reports. William Blair reissued an "outperform" rating on shares of HealthStream in a research report on Tuesday, February 25th. Canaccord Genuity Group cut their price objective on shares of HealthStream from $30.00 to $29.00 and set a "hold" rating for the company in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, HealthStream has an average rating of "Moderate Buy" and a consensus target price 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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