Cornercap Investment Counsel Inc. Sells 9,793 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Cornercap Investment Counsel Inc. lessened its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 49.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 10,110 shares of the technology company’s stock after selling 9,793 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in HealthStream were worth $292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its position in shares of HealthStream by 141.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 400,033 shares of the technology company’s stock worth $11,537,000 after buying an additional 234,148 shares during the period. Assenagon Asset Management S.A. lifted its stake in HealthStream by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 201,601 shares of the technology company’s stock valued at $5,814,000 after acquiring an additional 54,775 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in HealthStream by 7.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 530,178 shares of the technology company’s stock valued at $14,792,000 after acquiring an additional 35,350 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in 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 in the last quarter. Finally, Vanguard Group Inc. lifted its stake in HealthStream by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 2,938,685 shares of the technology company’s stock valued at $78,345,000 after acquiring an additional 31,943 shares in the last quarter. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Trading Down 2.0 %

Shares of NASDAQ HSTM opened at $31.39 on Monday. HealthStream, Inc. has a 12 month low of $23.92 and a 12 month high of $32.93. The firm has a market capitalization of $954.88 million, a price-to-earnings ratio of 48.29, a PEG ratio of 4.17 and a beta of 0.35. The business has a 50-day moving average of $29.35 and a 200-day moving average of $28.54.

HealthStream (NASDAQ:HSTM) last released its earnings results on Monday, October 21st. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. The company had revenue of $73.10 million during the quarter, compared to the consensus estimate of $73.53 million. HealthStream had a return on equity of 5.67% and a net margin of 6.84%. HealthStream’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. On average, analysts predict that HealthStream, Inc. will post 0.63 earnings per share for the current year.

HealthStream Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 4th were given a $0.028 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.11 dividend on an annualized basis and a yield of 0.36%. HealthStream’s payout ratio is 16.92%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Craig Hallum upgraded HealthStream to a “strong-buy” rating in a research note on Thursday, October 17th. Canaccord Genuity Group lifted their target price on HealthStream from $28.00 to $29.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Barclays boosted their price objective on HealthStream from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com cut HealthStream from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 24th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HealthStream has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Insider Buying and Selling at HealthStream

In related news, Director Tate Deborah Taylor sold 1,400 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $28.53, for a total transaction of $39,942.00. Following the completion of the transaction, the director now owns 22,326 shares in the company, valued at $636,960.78. This represents a 5.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 20.60% of the company’s stock.

HealthStream 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.