Allspring Global Investments Holdings LLC Has $506,000 Stock Position in HealthStream, Inc. (NASDAQ:HSTM)

Allspring Global Investments Holdings LLC increased its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 90.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,710 shares of the technology company’s stock after purchasing an additional 8,906 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of HealthStream worth $506,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HSTM. First Eagle Investment Management LLC increased its position in shares of HealthStream by 90.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 354,776 shares of the technology company’s stock worth $7,656,000 after purchasing an additional 168,497 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in HealthStream by 295.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 133,712 shares of the technology company’s stock worth $2,886,000 after acquiring an additional 99,913 shares during the last quarter. B. Riley Asset Management LLC bought a new stake in HealthStream during the 3rd quarter worth about $1,449,000. Exchange Traded Concepts LLC grew its holdings in HealthStream by 126.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 58,353 shares of the technology company’s stock worth $1,259,000 after acquiring an additional 32,553 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in HealthStream by 9.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 306,338 shares of the technology company’s stock worth $8,280,000 after acquiring an additional 27,274 shares during the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

Insider Activity

In related news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the transaction, the senior vice president now owns 14,693 shares in the company, valued at $387,013.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the sale, the executive vice president now owns 42,525 shares of the company’s stock, valued at $1,158,806.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the completion of the sale, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at approximately $387,013.62. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $25.92 on Friday. The firm has a market capitalization of $787.97 million, a PE ratio of 44.69, a price-to-earnings-growth ratio of 4.21 and a beta of 0.36. HealthStream, Inc. has a 1 year low of $20.47 and a 1 year high of $29.12. The firm’s 50-day moving average is $26.13 and its 200-day moving average is $25.88.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.21%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. As a group, equities research analysts anticipate that HealthStream, Inc. will post 0.52 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be paid a $0.028 dividend. This represents a $0.11 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, May 3rd. HealthStream’s dividend payout ratio (DPR) is presently 18.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HSTM shares. William Blair reissued an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. Barclays started coverage on shares of HealthStream in a report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price objective on the stock. Finally, StockNews.com lowered shares of HealthStream from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.