HealthStream, Inc. Declares Quarterly Dividend of $0.03 (NASDAQ:HSTM)

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Monday, April 22nd, Zacks reports. Shareholders of record on Monday, May 6th will be given a dividend of 0.028 per share by the technology company on Friday, May 17th. This represents a $0.11 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, May 3rd.

HealthStream has a dividend payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect HealthStream to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.11 annual dividend with an expected future payout ratio of 19.0%.

HealthStream Stock Down 2.0 %

HSTM traded down $0.52 during midday trading on Wednesday, hitting $25.89. The company had a trading volume of 16,273 shares, compared to its average volume of 102,921. HealthStream has a 52 week low of $20.47 and a 52 week high of $29.12. The company has a market capitalization of $787.06 million, a price-to-earnings ratio of 45.54, a PEG ratio of 3.94 and a beta of 0.36. The stock’s 50 day moving average price is $26.17 and its 200 day moving average price is $25.85.

HealthStream (NASDAQ:HSTM) last posted its quarterly earnings results on Monday, April 22nd. The technology company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $72.80 million during the quarter, compared to the consensus estimate of $71.88 million. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 earnings per share. Research analysts predict that HealthStream will post 0.51 EPS for the current year.

Insiders Place Their Bets

In other HealthStream news, SVP Trisha L. Coady sold 7,000 shares of HealthStream stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Trisha L. Coady sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total value of $184,380.00. Following the sale, the senior vice president now owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael Sousa sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $27.25, for a total transaction of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares in the company, valued at approximately $1,158,806.25. The disclosure for this sale can be found here. Insiders own 20.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HSTM shares. William Blair reiterated an “outperform” rating on shares of HealthStream in a report on Tuesday, February 20th. StockNews.com upgraded shares of HealthStream from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 11th. Finally, Barclays began coverage on shares of HealthStream in a report on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $32.00.

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.