HealthStream, Inc. (NASDAQ:HSTM) Announces Quarterly Dividend of $0.04

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Monday, February 23rd. Shareholders of record on Monday, March 9th will be given a dividend of 0.035 per share by the technology company on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, March 9th. This is a 12.9% increase from HealthStream’s previous quarterly dividend of $0.03.

HealthStream has a dividend payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect HealthStream to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 18.8%.

HealthStream Stock Performance

Shares of HSTM stock traded up $0.99 during trading hours on Tuesday, hitting $22.23. The company had a trading volume of 100,581 shares, compared to its average volume of 340,593. HealthStream has a 12 month low of $19.50 and a 12 month high of $34.13. The firm’s fifty day moving average is $21.95 and its 200 day moving average is $24.90. The firm has a market capitalization of $659.59 million, a price-to-earnings ratio of 32.63, a PEG ratio of 2.20 and a beta of 0.44.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings results on Monday, February 23rd. The technology company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 5.82% and a net margin of 6.93%.The firm had revenue of $79.71 million for the quarter, compared to analysts’ expectations of $76.21 million. On average, sell-side analysts expect that HealthStream will post 0.63 EPS for the current fiscal year.

Insider Activity at HealthStream

In related news, EVP Kevin P. O’hara sold 2,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $24.26, for a total value of $48,520.00. Following the transaction, the executive vice president directly owned 16,373 shares in the company, valued at approximately $397,208.98. This represents a 10.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Tate Deborah Taylor sold 1,580 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $25.46, for a total transaction of $40,226.80. Following the transaction, the director owned 23,127 shares in the company, valued at approximately $588,813.42. The trade was a 6.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 5,680 shares of company stock worth $139,336. Corporate insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Danske Bank A S boosted its position in shares of HealthStream by 175.0% during the 4th quarter. Danske Bank A S now owns 1,100 shares of the technology company’s stock worth $25,000 after acquiring an additional 700 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in 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 buying an additional 1,262 shares in the last quarter. Aquatic Capital Management LLC bought a new position in HealthStream in the third quarter valued at about $40,000. Tower Research Capital LLC TRC grew its position in HealthStream by 241.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,407 shares of the technology company’s stock valued at $67,000 after acquiring an additional 1,702 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in HealthStream by 131.4% during the fourth quarter. GAMMA Investing LLC now owns 3,649 shares of the technology company’s stock worth $84,000 after acquiring an additional 2,072 shares in the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

About HealthStream

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.