Man Group plc Buys Shares of 142,907 HealthStream, Inc. $HSTM

Man Group plc purchased a new position in HealthStream, Inc. (NASDAQ:HSTM) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 142,907 shares of the technology company’s stock, valued at approximately $3,894,000. Man Group plc owned about 0.49% of HealthStream at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HSTM. MassMutual Private Wealth & Trust FSB lifted its holdings in HealthStream by 76.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 1,025 shares of the technology company’s stock worth $28,000 after purchasing an additional 444 shares during the last quarter. Danske Bank A S boosted its position in HealthStream by 175.0% during the fourth quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after purchasing an additional 700 shares during the period. Global Retirement Partners LLC acquired a new position in HealthStream during the second quarter valued at approximately $31,000. Essential Partners LLC bought a new position in shares of HealthStream in the first quarter valued at approximately $25,000. Finally, Hantz Financial Services Inc. raised its position in shares of HealthStream by 2,035.5% in the fourth quarter. Hantz Financial Services Inc. now owns 1,324 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,262 shares during the period. Institutional investors own 69.58% of the company’s stock.

HealthStream Price Performance

Shares of HSTM stock opened at $29.38 on Monday. HealthStream, Inc. has a 12 month low of $19.50 and a 12 month high of $31.11. The firm has a market cap of $858.34 million, a PE ratio of 40.81, a price-to-earnings-growth ratio of 3.40 and a beta of 0.44. The stock has a 50 day moving average of $28.14 and a 200-day moving average of $24.34.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, August 3rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. The business had revenue of $83.73 million for the quarter, compared to the consensus estimate of $80.82 million. As a group, equities analysts predict that HealthStream, Inc. will post 0.72 EPS for the current fiscal year.

HealthStream Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently issued reports on HSTM shares. Wall Street Zen raised shares of HealthStream from a “hold” rating to a “buy” rating in a report on Sunday. Canaccord Genuity Group boosted their target price on shares of HealthStream from $24.00 to $27.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded shares of HealthStream from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.00.

Insider Activity

In other news, Director Linda Rebrovick sold 6,000 shares of the company’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $29.00, for a total transaction of $174,000.00. Following the completion of the transaction, the director owned 51,329 shares of the company’s stock, valued at approximately $1,488,541. This represents a 10.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.40% of the company’s stock.

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.