Hillsdale Investment Management Inc. Has $4.97 Million Stake in HealthStream, Inc. (NASDAQ:HSTM)

Hillsdale Investment Management Inc. decreased its position in HealthStream, Inc. (NASDAQ:HSTM) by 14.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 156,251 shares of the technology company’s stock after selling 25,930 shares during the period. Hillsdale Investment Management Inc.’s holdings in HealthStream were worth $4,969,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. boosted its stake in shares of HealthStream by 17.6% in the fourth quarter. Sei Investments Co. now owns 234,210 shares of the technology company’s stock valued at $7,448,000 after buying an additional 35,075 shares during the period. American Century Companies Inc. boosted its stake in shares of HealthStream by 11.0% in the fourth quarter. American Century Companies Inc. now owns 47,832 shares of the technology company’s stock valued at $1,521,000 after buying an additional 4,740 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of HealthStream in the fourth quarter valued at approximately $183,000. Teacher Retirement System of Texas boosted its stake in shares of HealthStream by 128.1% in the fourth quarter. Teacher Retirement System of Texas now owns 79,364 shares of the technology company’s stock valued at $2,524,000 after buying an additional 44,571 shares during the period. Finally, Intech Investment Management LLC bought a new stake in shares of HealthStream in the fourth quarter valued at approximately $1,064,000. Institutional investors and hedge funds own 69.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on HSTM. Canaccord Genuity Group boosted their price target on HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. William Blair reiterated an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Finally, JMP Securities reiterated a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Two equities research 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

HealthStream Price Performance

NASDAQ HSTM opened at $31.55 on Friday. The business has a fifty day moving average price of $32.56 and a two-hundred day moving average price of $31.22. HealthStream, Inc. has a fifty-two week low of $23.92 and a fifty-two week high of $34.24. The stock has a market capitalization of $960.19 million, a PE ratio of 48.54, a PEG ratio of 4.37 and a beta of 0.37.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. The firm had revenue of $74.24 million during the quarter, compared to analysts’ expectations of $73.55 million. During the same period in the prior year, the company earned $0.14 earnings per share. As a group, sell-side analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.031 per share. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from HealthStream’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 0.39%. HealthStream’s dividend payout ratio is 18.18%.

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.