58,272 Shares in HealthStream, Inc. $HSTM Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in shares of HealthStream, Inc. (NASDAQ:HSTM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,272 shares of the technology company’s stock, valued at approximately $1,588,000. Legal & General Group Plc owned approximately 0.20% of HealthStream at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its position in shares of HealthStream by 76.4% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock worth $28,000 after acquiring an additional 444 shares during the period. The Manufacturers Life Insurance Company grew its stake in HealthStream by 6.7% in the second quarter. The Manufacturers Life Insurance Company now owns 9,354 shares of the technology company’s stock worth $259,000 after purchasing an additional 586 shares in the last quarter. Snowden Capital Advisors LLC grew its stake in 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 in the last quarter. Jane Street Group LLC increased its holdings in HealthStream by 1.9% during the 2nd quarter. Jane Street Group LLC now owns 48,533 shares of the technology company’s stock worth $1,343,000 after purchasing an additional 922 shares during the period. Finally, Global Retirement Partners LLC purchased a new position in HealthStream during the 2nd quarter worth $31,000. 69.58% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HealthStream

In related news, Director Linda Rebrovick sold 6,000 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was 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 $1,488,541. This trade represents a 10.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HSTM has been the subject of several research reports. Canaccord Genuity Group upped their target price on HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of HealthStream from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 28th. Finally, Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a research report on Sunday, August 30th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.00.

HealthStream Stock Performance

Shares of NASDAQ HSTM opened at $29.20 on Monday. The company has a market cap of $853.22 million, a PE ratio of 40.56, a P/E/G ratio of 3.38 and a beta of 0.44. The business has a 50-day simple moving average of $28.50 and a two-hundred day simple moving average of $24.67. HealthStream, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $31.11.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings results on Monday, August 3rd. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $83.73 million for the quarter, compared to analyst estimates of $80.82 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. On average, sell-side analysts predict that HealthStream, Inc. will post 0.72 earnings per share for the current fiscal year.

HealthStream Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, August 17th. HealthStream’s dividend payout ratio is presently 19.44%.

HealthStream 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.