Streamline Health Solutions (NASDAQ:STRM) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Streamline Health Solutions (NASDAQ:STRMGet Rating) in a report issued on Tuesday. The brokerage issued a sell rating on the stock.

Separately, Lake Street Capital restated a buy rating and set a $3.00 price objective on shares of Streamline Health Solutions in a report on Monday, November 21st.

Streamline Health Solutions Stock Performance

Streamline Health Solutions stock opened at $1.98 on Tuesday. The stock’s 50 day moving average price is $1.56 and its 200 day moving average price is $1.47. The firm has a market capitalization of $96.60 million, a PE ratio of -8.61 and a beta of 1.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 0.76. Streamline Health Solutions has a one year low of $1.04 and a one year high of $2.05.

Streamline Health Solutions (NASDAQ:STRMGet Rating) last posted its quarterly earnings data on Wednesday, September 7th. The company reported ($0.07) earnings per share (EPS) for the quarter. Streamline Health Solutions had a negative return on equity of 32.74% and a negative net margin of 44.28%. The business had revenue of $5.99 million for the quarter.

Insider Activity

In other news, Director Kenan Lucas purchased 757,575 shares of the stock in a transaction dated Wednesday, October 26th. The stock was acquired at an average cost of $1.32 per share, for a total transaction of $999,999.00. Following the acquisition, the director now owns 4,824,212 shares of the company’s stock, valued at $6,367,959.84. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 27.34% of the company’s stock.

Institutional Investors Weigh In On Streamline Health Solutions

Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. bought a new position in Streamline Health Solutions during the 2nd quarter worth $31,000. Thompson Davis & CO. Inc. bought a new position in Streamline Health Solutions during the 3rd quarter worth $38,000. HighTower Advisors LLC grew its stake in Streamline Health Solutions by 46.2% during the 1st quarter. HighTower Advisors LLC now owns 95,050 shares of the company’s stock worth $152,000 after buying an additional 30,050 shares during the last quarter. Nicholas Hoffman & Company LLC. grew its stake in Streamline Health Solutions by 118.5% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 184,378 shares of the company’s stock worth $295,000 after buying an additional 100,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Streamline Health Solutions by 4.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,564,842 shares of the company’s stock worth $1,862,000 after buying an additional 63,679 shares during the last quarter. 34.61% of the stock is currently owned by institutional investors.

Streamline Health Solutions Company Profile

(Get Rating)

Streamline Health Solutions, Inc offers health information technology solutions and associated services for hospitals and health systems in the United States and Canada. It provides computer software-based solutions, professional consulting, and auditing and coding services, which capture, aggregate, and translate structured and unstructured data to deliver predictive insights.

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