HealthStream, Inc. (NASDAQ:HSTM) Short Interest Update

HealthStream, Inc. (NASDAQ:HSTM) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 323,200 shares, a growth of 23.0% from the May 31st total of 262,800 shares. Based on an average daily trading volume, of 112,400 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.4% of the shares of the company are sold short.

HealthStream Trading Up 0.7 %

Shares of HSTM stock traded up $0.18 during trading on Tuesday, reaching $27.75. 91,216 shares of the company’s stock traded hands, compared to its average volume of 107,989. The firm’s 50-day moving average is $27.27 and its 200 day moving average is $26.75. The company has a market capitalization of $843.60 million, a P/E ratio of 47.85, a PEG ratio of 4.31 and a beta of 0.38. HealthStream has a 1 year low of $20.47 and a 1 year high of $29.12.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. The firm had revenue of $72.80 million for the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a return on equity of 5.21% and a net margin of 6.30%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 earnings per share. As a group, sell-side analysts predict that HealthStream will post 0.54 earnings per share for the current fiscal year.

HealthStream Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 6th were given a dividend of $0.028 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Friday, May 3rd. HealthStream’s dividend payout ratio is presently 18.97%.

Analyst Ratings Changes

Separately, StockNews.com raised HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 24th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $32.00.

Insider Buying and Selling

In other news, SVP Scott Fenstermacher sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $26.19, for a total transaction of $26,190.00. Following the completion of the transaction, the senior vice president now directly owns 13,008 shares of the company’s stock, valued at approximately $340,679.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.60% of the stock is owned by insiders.

Hedge Funds Weigh In On HealthStream

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in HealthStream by 172.1% during the second quarter. GAMMA Investing LLC now owns 996 shares of the technology company’s stock worth $28,000 after buying an additional 630 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of HealthStream by 79.4% during the fourth quarter. Parallel Advisors LLC now owns 1,132 shares of the technology company’s stock worth $31,000 after purchasing an additional 501 shares in the last quarter. Diversified Trust Co bought a new position in shares of HealthStream in the first quarter worth approximately $213,000. EntryPoint Capital LLC raised its stake in HealthStream by 80.4% in the first quarter. EntryPoint Capital LLC now owns 8,045 shares of the technology company’s stock valued at $214,000 after purchasing an additional 3,586 shares in the last quarter. Finally, Maryland State Retirement & Pension System bought a new stake in HealthStream during the fourth quarter valued at approximately $241,000. 69.58% of the stock is currently owned by institutional investors.

About HealthStream

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.