Magnetar Financial LLC Acquires New Position in HealthStream, Inc. (NASDAQ:HSTM)

Magnetar Financial LLC acquired a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,072 shares of the technology company’s stock, valued at approximately $448,000. Magnetar Financial LLC owned about 0.05% of HealthStream as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its holdings in shares of HealthStream by 197.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 165,885 shares of the technology company’s stock valued at $4,628,000 after acquiring an additional 110,189 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of HealthStream by 21.5% during the 1st quarter. First Eagle Investment Management LLC now owns 494,828 shares of the technology company’s stock valued at $13,192,000 after acquiring an additional 87,400 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of HealthStream by 58.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 146,826 shares of the technology company’s stock valued at $4,096,000 after acquiring an additional 54,227 shares during the last quarter. Wakefield Asset Management LLLP purchased a new stake in shares of HealthStream during the 1st quarter valued at about $909,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of HealthStream by 97.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 67,296 shares of the technology company’s stock valued at $1,878,000 after acquiring an additional 33,161 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HSTM. StockNews.com cut shares of HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Canaccord Genuity Group increased their price objective on shares of HealthStream from $27.00 to $28.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

HealthStream Price Performance

HealthStream stock opened at $28.62 on Wednesday. HealthStream, Inc. has a 1-year low of $21.15 and a 1-year high of $31.15. The company’s 50-day moving average is $28.78 and its 200 day moving average is $27.50. The firm has a market capitalization of $869.99 million, a P/E ratio of 49.34, a price-to-earnings-growth ratio of 4.13 and a beta of 0.36.

HealthStream (NASDAQ:HSTM) last issued its earnings results on Monday, July 22nd. The technology company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. HealthStream had a net margin of 6.26% and a return on equity of 5.19%. The firm had revenue of $71.56 million during the quarter, compared to analyst estimates of $72.85 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Research analysts anticipate that HealthStream, Inc. will post 0.56 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were paid a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, August 5th. HealthStream’s dividend payout ratio is presently 18.97%.

Insider Activity

In related news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now owns 22,326 shares of the company’s stock, valued at $636,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Tate Deborah Taylor sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $28.53, for a total value of $39,942.00. Following the completion of the transaction, the director now owns 22,326 shares of the company’s stock, valued at $636,960.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Kevin P. O’hara sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $28.03, for a total value of $84,090.00. Following the transaction, the senior vice president now directly owns 9,527 shares in the company, valued at $267,041.81. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

HealthStream Company 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.