Quarry LP Makes New $27,000 Investment in HealthStream, Inc. (NASDAQ:HSTM)

Quarry LP bought a new position in HealthStream, Inc. (NASDAQ:HSTM) during the third quarter, Holdings Channel reports. The fund bought 926 shares of the technology company’s stock, valued at approximately $27,000.

Several other institutional investors also recently modified their holdings of HSTM. Point72 DIFC Ltd bought a new stake in shares of HealthStream in the 2nd quarter worth approximately $38,000. GAMMA Investing LLC raised its position in shares of HealthStream by 36.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,355 shares of the technology company’s stock worth $39,000 after purchasing an additional 359 shares during the last quarter. Copeland Capital Management LLC bought a new position in HealthStream in the 3rd quarter worth about $63,000. CWM LLC grew its position in HealthStream by 405.4% during the 2nd quarter. CWM LLC now owns 2,709 shares of the technology company’s stock valued at $76,000 after purchasing an additional 2,173 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in HealthStream during the 2nd quarter valued at about $214,000. 69.58% of the stock is currently owned by institutional investors.

HealthStream Stock Down 0.8 %

NASDAQ HSTM opened at $32.51 on Friday. HealthStream, Inc. has a 52 week low of $23.92 and a 52 week high of $33.52. The company has a market capitalization of $988.79 million, a P/E ratio of 50.02, a price-to-earnings-growth ratio of 4.29 and a beta of 0.38. The stock’s 50-day moving average price is $30.77 and its 200-day moving average price is $29.22.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The business had revenue of $73.10 million during the quarter, compared to analyst estimates of $73.53 million. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. Research analysts anticipate that HealthStream, Inc. will post 0.63 EPS for the current year.

HealthStream Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Monday, November 4th. HealthStream’s dividend payout ratio is currently 16.92%.

Wall Street Analysts Forecast Growth

HSTM has been the topic of a number of research analyst reports. Canaccord Genuity Group upped their price target on HealthStream from $28.00 to $29.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Craig Hallum upgraded shares of HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Barclays raised their price target on HealthStream from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One equities research analyst has 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 MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $31.50.

HealthStream 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.