Royal Bank of Canada Boosts Stock Holdings in HealthStream, Inc. $HSTM

Royal Bank of Canada lifted its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 56.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,265 shares of the technology company’s stock after acquiring an additional 28,894 shares during the period. Royal Bank of Canada owned approximately 0.27% of HealthStream worth $1,662,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in HealthStream by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock valued at $259,000 after purchasing an additional 586 shares during the last quarter. Danske Bank A S raised its stake in shares of HealthStream by 175.0% in the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after purchasing an additional 700 shares during the last quarter. Snowden Capital Advisors LLC raised its stake in shares of HealthStream by 8.7% in the second quarter. Snowden Capital Advisors LLC now owns 10,196 shares of the technology company’s stock worth $282,000 after purchasing an additional 816 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of HealthStream by 1.9% during the second quarter. Jane Street Group LLC now owns 48,533 shares of the technology company’s stock valued at $1,343,000 after purchasing an additional 922 shares in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of HealthStream by 3.3% during the fourth quarter. Martingale Asset Management L P now owns 38,901 shares of the technology company’s stock valued at $897,000 after purchasing an additional 1,258 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

HealthStream Price Performance

HSTM stock opened at $28.51 on Wednesday. HealthStream, Inc. has a 1 year low of $19.50 and a 1 year high of $31.11. The company has a market cap of $832.92 million, a P/E ratio of 39.60, a price-to-earnings-growth ratio of 3.35 and a beta of 0.44. The stock’s fifty day moving average price is $27.68 and its 200-day moving average price is $23.90.

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

HealthStream Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 17th will be paid a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, August 17th. HealthStream’s dividend payout ratio is 19.44%.

Wall Street Analyst Weigh In

Several research firms recently commented on HSTM. Canaccord Genuity Group lifted their price objective on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.00.

Insider Activity

In related news, Director Linda Rebrovick sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were 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 in the company, 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 filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.40% of the company’s stock.

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.