HealthStream, Inc. (NASDAQ:HSTM) to Issue Dividend Increase – $0.04 Per Share

HealthStream, Inc. (NASDAQ:HSTM) declared a quarterly dividend on Monday, February 23rd. Shareholders of record on Monday, March 9th will be paid 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 payout ratio of 17.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 4.8%

Shares of HSTM stock traded up $1.03 during trading hours on Tuesday, hitting $22.27. The company’s stock had a trading volume of 64,119 shares, compared to its average volume of 340,593. The business has a fifty day moving average of $21.95 and a 200-day moving average of $24.90. HealthStream has a twelve month low of $19.50 and a twelve month high of $34.13. The stock has a market cap of $660.69 million, a price-to-earnings ratio of 33.00, a P/E/G ratio of 2.20 and a beta of 0.44.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of HealthStream from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Citigroup reiterated a “market perform” rating on shares of HealthStream in a research report on Tuesday, January 6th. Canaccord Genuity Group set a $25.00 price target on HealthStream in a report on Thursday, January 8th. Finally, Weiss Ratings downgraded shares of HealthStream from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.00.

HealthStream Company Profile

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.