Bridge City Capital LLC Buys 535 Shares of HealthStream, Inc. (NASDAQ:HSTM)

Bridge City Capital LLC raised its stake in HealthStream, Inc. (NASDAQ:HSTM) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 59,254 shares of the technology company’s stock after acquiring an additional 535 shares during the period. Bridge City Capital LLC’s holdings in HealthStream were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of HSTM. Quarry LP bought a new stake in shares of HealthStream in the third quarter valued at about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of HealthStream during the 4th quarter worth approximately $183,000. Vestcor Inc increased its position in shares of HealthStream by 35.1% during the third quarter. Vestcor Inc now owns 7,494 shares of the technology company’s stock valued at $216,000 after purchasing an additional 1,946 shares during the period. Centiva Capital LP acquired a new position in shares of HealthStream in the third quarter valued at $260,000. Finally, Y Intercept Hong Kong Ltd bought a new position in HealthStream in the third quarter worth $260,000. 69.58% of the stock is currently owned by institutional investors and hedge funds.

HealthStream Trading Down 0.6 %

NASDAQ HSTM opened at $31.55 on Friday. The firm has a market cap of $960.19 million, a price-to-earnings ratio of 48.54, a PEG ratio of 4.37 and a beta of 0.37. HealthStream, Inc. has a 1-year low of $23.92 and a 1-year high of $34.24. The company has a 50 day moving average of $32.56 and a 200-day moving average of $31.24.

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

HealthStream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.031 dividend. This represents a $0.12 annualized dividend and a yield of 0.39%. The ex-dividend date was Monday, March 10th. This is a boost from HealthStream’s previous quarterly dividend of $0.03. HealthStream’s dividend payout ratio (DPR) is presently 18.18%.

Analyst Ratings Changes

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

HealthStream 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.