142,907 Shares in HealthStream, Inc. $HSTM Bought by Man Group plc

Man Group plc purchased a new position in shares of HealthStream, Inc. (NASDAQ:HSTM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 142,907 shares of the technology company’s stock, valued at approximately $3,894,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jupiter Topco LLC acquired a new position in shares of HealthStream in the 2nd quarter valued at $298,000. Legal & General Group Plc acquired a new stake in shares of HealthStream during the 2nd quarter valued at about $1,588,000. Sanctuary Advisors LLC acquired a new stake in shares of HealthStream during the 2nd quarter valued at about $334,000. Globeflex Capital L P bought a new stake in HealthStream in the second quarter valued at about $1,989,000. Finally, Callan Family Office LLC bought a new stake in HealthStream in the second quarter valued at about $552,000. Institutional investors own 69.58% of the company’s stock.

Insiders Place Their Bets

In related news, Director Linda Rebrovick sold 6,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the sale, the director directly owned 51,329 shares of the company’s stock, valued at $1,488,541. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen raised HealthStream from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Canaccord Genuity Group increased their target price on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

HealthStream Price Performance

Shares of HSTM stock opened at $29.38 on Monday. HealthStream, Inc. has a 12-month low of $19.50 and a 12-month high of $31.11. The company has a market capitalization of $858.34 million, a P/E ratio of 40.81, a P/E/G ratio of 3.40 and a beta of 0.44. The firm has a 50-day moving average price of $28.14 and a 200 day moving average price of $24.34.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $83.73 million for the quarter, compared to analysts’ expectations of $80.82 million. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. As a group, research analysts expect that HealthStream, Inc. will post 0.72 earnings per share for the current year.

HealthStream Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were given a dividend of $0.035 per share. The ex-dividend date was Monday, August 17th. This represents a $0.14 dividend on an annualized basis and a yield of 0.5%. HealthStream’s dividend payout ratio is 19.44%.

HealthStream Company Profile

HealthStream, Inc is a Nashville, Tennessee–based provider of workforce development and learning management solutions for healthcare organizations. Since its founding in 1990, the company has focused on helping hospitals, clinics and other care providers streamline staff training, ensure regulatory compliance and monitor employee performance. HealthStream’s platform integrates online courses, skill competency assessments and credential management tools to support workforce readiness across the healthcare continuum.

The company’s core offerings include a learning management system (LMS) designed specifically for clinical and nonclinical personnel, a competency management suite that tracks skill acquisition and validation, and a content library featuring evidence-based clinical and compliance training modules.