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

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Monday, April 22nd, Zacks reports. Stockholders 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 dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, May 3rd.

HealthStream has a payout ratio of 19.0% indicating that its dividend is sufficiently covered by earnings. Research 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 %

Shares of NASDAQ:HSTM traded down $0.52 during trading on Wednesday, hitting $25.89. 16,273 shares of the company traded hands, compared to its average volume of 102,921. The stock 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 business’s fifty day moving average is $26.17 and its 200-day moving average is $25.85. HealthStream has a one year low of $20.47 and a one year high of $29.12.

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

Insider Buying and Selling at HealthStream

In other news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Trisha L. Coady sold 7,000 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 14,693 shares of the company’s stock, valued at $387,013.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Sousa sold 15,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $27.25, for a total transaction of $408,750.00. Following the transaction, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HSTM. StockNews.com upgraded HealthStream from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 11th. William Blair reissued an “outperform” rating on shares of HealthStream in a research note on Tuesday, February 20th. Finally, Barclays assumed coverage on shares of HealthStream in a research note on Wednesday, January 3rd. They set an “overweight” rating and a $32.00 target price on the stock. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, HealthStream presently has a consensus rating of “Buy” and a consensus price target 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.