Lee Danner & Bass Inc. Makes New Investment in HealthStream, Inc. (NASDAQ:HSTM)

Lee Danner & Bass Inc. purchased a new position in HealthStream, Inc. (NASDAQ:HSTM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,755 shares of the technology company’s stock, valued at approximately $183,000.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp lifted its stake in HealthStream by 1.2% in the third quarter. State Street Corp now owns 974,235 shares of the technology company’s stock worth $28,097,000 after purchasing an additional 11,976 shares during the last quarter. Geode Capital Management LLC lifted its stake in HealthStream by 2.9% in the third quarter. Geode Capital Management LLC now owns 674,764 shares of the technology company’s stock worth $19,463,000 after purchasing an additional 18,779 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of HealthStream by 3.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 414,787 shares of the technology company’s stock valued at $13,190,000 after acquiring an additional 14,754 shares during the period. Copeland Capital Management LLC raised its stake in shares of HealthStream by 17,363.4% during the fourth quarter. Copeland Capital Management LLC now owns 379,306 shares of the technology company’s stock valued at $12,062,000 after acquiring an additional 377,134 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of HealthStream by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 223,262 shares of the technology company’s stock valued at $7,100,000 after acquiring an additional 4,815 shares during the last quarter. 69.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HSTM. JMP Securities reaffirmed a “market perform” rating on shares of HealthStream in a research note on Thursday, February 6th. Canaccord Genuity Group upped their price objective on shares of HealthStream from $29.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $32.00.

HealthStream Price Performance

HSTM stock opened at $31.55 on Friday. HealthStream, Inc. has a 1 year low of $23.92 and a 1 year high of $34.24. The company has a market cap of $960.19 million, a P/E ratio of 48.54, a PEG ratio of 4.37 and a beta of 0.37. The firm has a 50-day moving average of $32.56 and a 200 day moving average of $31.22.

HealthStream (NASDAQ:HSTM) last released its quarterly earnings results on Monday, February 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. HealthStream had a net margin of 6.84% and a return on equity of 5.67%. The company had revenue of $74.24 million during the quarter, compared to the consensus estimate of $73.55 million. During the same period in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts expect that HealthStream, Inc. will post 0.63 earnings per share for the current fiscal year.

HealthStream Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.031 per share. This is an increase from HealthStream’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.39%. HealthStream’s dividend payout ratio (DPR) is currently 18.18%.

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.