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

StockNews.com assumed coverage on shares of Streamline Health Solutions (NASDAQ:STRM – Get 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:STRM – Get 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

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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.