Sei Investments Co. Reduces Holdings in HealthStream, Inc. $HSTM

Sei Investments Co. lowered its position in shares of HealthStream, Inc. (NASDAQ:HSTM) by 24.9% in the first quarter, Holdings Channel reports. The institutional investor owned 146,400 shares of the technology company’s stock after selling 48,466 shares during the quarter. Sei Investments Co.’s holdings in HealthStream were worth $3,032,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its position in HealthStream by 6.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock valued at $259,000 after buying an additional 586 shares during the period. Danske Bank A S grew 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 acquiring an additional 700 shares in the last quarter. Snowden Capital Advisors LLC increased its position in shares of HealthStream by 8.7% during the second quarter. Snowden Capital Advisors LLC now owns 10,196 shares of the technology company’s stock worth $282,000 after acquiring an additional 816 shares during the period. Jane Street Group LLC increased its position 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 worth $1,343,000 after acquiring an additional 922 shares during the period. Finally, Martingale Asset Management L P raised its stake in shares of HealthStream by 3.3% in the fourth quarter. Martingale Asset Management L P now owns 38,901 shares of the technology company’s stock valued at $897,000 after acquiring an additional 1,258 shares in the last quarter. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at HealthStream

In other HealthStream news, EVP Kevin P. O’hara sold 3,000 shares of HealthStream stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $24.08, for a total transaction of $72,240.00. Following the completion of the sale, the executive vice president directly owned 20,982 shares of the company’s stock, valued at $505,246.56. The trade was a 12.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Linda Rebrovick sold 6,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $29.00, for a total value of $174,000.00. Following the completion of the transaction, the director owned 51,329 shares in the company, valued at approximately $1,488,541. The trade was a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,000 shares of company stock valued at $296,240 over the last ninety days. 20.40% of the stock is owned by company insiders.

HealthStream Stock Up 2.1%

NASDAQ HSTM opened at $28.72 on Friday. HealthStream, Inc. has a 52 week low of $19.50 and a 52 week high of $31.11. The stock has a market capitalization of $839.20 million, a PE ratio of 39.89, a price-to-earnings-growth ratio of 3.19 and a beta of 0.44. The firm has a 50 day moving average of $27.22 and a two-hundred day moving average of $23.54.

HealthStream (NASDAQ:HSTM) last announced 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 for the quarter, compared to the consensus estimate of $80.82 million. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. On average, equities research analysts expect that HealthStream, Inc. will post 0.74 earnings per share for the current fiscal year.

HealthStream Announces Dividend

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

About HealthStream

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.