20,272 Shares in HealthStream, Inc. $HSTM Acquired by Callan Family Office LLC
by Kim Johansen · The Markets DailyCallan Family Office LLC purchased a new stake in HealthStream, Inc. (NASDAQ:HSTM – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 20,272 shares of the technology company’s stock, valued at approximately $552,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HSTM. BlackRock Inc. acquired a new position in shares of HealthStream during the 2nd quarter worth approximately $111,184,000. Copeland Capital Management LLC raised its position in shares of HealthStream by 43.8% in the first quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock valued at $26,441,000 after buying an additional 389,186 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of HealthStream in the second quarter valued at approximately $6,199,000. JPMorgan Chase & Co. boosted its stake in shares of HealthStream by 302.0% in the second quarter. JPMorgan Chase & Co. now owns 247,905 shares of the technology company’s stock valued at $6,860,000 after buying an additional 186,231 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in shares of HealthStream by 268.2% in the first quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company’s stock valued at $3,256,000 after buying an additional 114,511 shares during the period. 69.58% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have commented on HSTM. Weiss Ratings upgraded HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen downgraded HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday. 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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, HealthStream presently has an average rating of “Hold” and an average price target of $27.00.
Get Our Latest Stock Analysis on HealthStream
Insider Transactions at HealthStream
In other HealthStream news, Director Linda Rebrovick sold 6,000 shares of the business’s stock in a transaction dated 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 transaction, the director owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. The trade was a 10.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by corporate insiders.
HealthStream Price Performance
Shares of NASDAQ:HSTM opened at $28.87 on Wednesday. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $31.11. The stock has a market capitalization of $843.58 million, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 3.33 and a beta of 0.44. The company’s 50 day simple moving average is $27.94 and its 200 day simple moving average is $24.15.
HealthStream (NASDAQ:HSTM – Get Free Report) last released its earnings results 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. HealthStream had a return on equity of 6.81% and a net margin of 6.60%.The firm had revenue of $83.73 million during the quarter, compared to analysts’ expectations of $80.82 million. As a group, analysts anticipate that HealthStream, Inc. will post 0.72 EPS for the current fiscal year.
HealthStream Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 17th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.14 annualized dividend and a yield of 0.5%. HealthStream’s dividend payout ratio (DPR) 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.
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