HealthStream (NASDAQ:HSTM) EVP Sells 21,300 Shares of Stock

Key Points

• EVP Michael Manning Collier sold 21,300 HealthStream shares at an average of $29.97, worth about $638,361, reducing his direct stake by 26.44% to 59,260 shares.
• HealthStream beat quarterly estimates, reporting EPS of $0.18 versus $0.16 expected and revenue of $83.31 million versus $82.24 million expected.
• The company declared a quarterly dividend of $0.035 per share. Analysts’ consensus rating was “Hold,” with a $36 average price target.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) EVP Michael Manning Collier sold 21,300 shares of the firm's stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $29.97, for a total value of $638,361.00. Following the transaction, the executive vice president directly owned 59,260 shares of the company's stock, valued at $1,776,022.20. This represents a 26.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

HealthStream Stock Down 2.4%

Shares of HSTM stock traded down $0.71 during mid-day trading on Friday, reaching $28.89. 249,732 shares of the company's stock traded hands, compared to its average volume of 254,352. The company's 50-day moving average price is $31.20 and its 200-day moving average price is $25.79. The company has a market cap of $844.02 million, a P/E ratio of 41.27, a P/E/G ratio of 3.76 and a beta of 0.45. HealthStream, Inc. has a 12 month low of $19.50 and a 12 month high of $35.60.

HealthStream (NASDAQ:HSTM - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. HealthStream had a net margin of 6.25% and a return on equity of 6.37%. The company had revenue of $83.31 million during the quarter, compared to analyst estimates of $82.24 million. Equities analysts predict that HealthStream, Inc. will post 0.72 earnings per share for the current year.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.0350 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, November 16th. HealthStream's dividend payout ratio (DPR) is presently 20.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in HealthStream by 12.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 92,038 shares of the technology company's stock worth $2,736,000 after buying an additional 9,882 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in HealthStream by 3.7% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 11,755 shares of the technology company's stock valued at $349,000 after acquiring an additional 423 shares during the period. Bridge City Capital LLC boosted its holdings in shares of HealthStream by 17.6% during the 3rd quarter. Bridge City Capital LLC now owns 60,860 shares of the technology company's stock valued at $1,808,000 after acquiring an additional 9,095 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of HealthStream during the 3rd quarter valued at about $160,000. Finally, Vise Technologies Inc. grew its stake in shares of HealthStream by 35.4% in the third quarter. Vise Technologies Inc. now owns 14,043 shares of the technology company's stock worth $417,000 after acquiring an additional 3,671 shares during the period. Institutional investors own 69.58% of the company's stock.

Wall Street Analysts Forecast Growth

HSTM has been the topic of several recent research reports. Weiss Ratings upgraded HealthStream from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Freedom Capital upgraded HealthStream to a "hold" rating in a research note on Tuesday, October 13th. Wall Street Zen raised HealthStream from a "hold" rating to a "buy" rating in a report on Saturday, October 31st. Citigroup reissued a "market perform" rating on shares of HealthStream in a research note on Tuesday, October 27th. Finally, Canaccord Genuity Group raised their price target on HealthStream from $29.00 to $32.00 and gave the company a "hold" rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $36.00.

HealthStream Company Profile

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company's offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.

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