HealthStream, Inc. (NASDAQ:HSTM) Shareholders to Receive $0.04 Quarterly Dividend

Key Points

• HealthStream declared a quarterly dividend of $0.035 per share, payable November 27 to shareholders of record on November 16. The dividend is equivalent to $0.14 annually and a 0.4% yield.
• The company reported quarterly EPS of $0.18, exceeding analysts’ $0.16 estimate, while revenue of $83.31 million also topped expectations. Its 20% payout ratio indicates the dividend is well covered by earnings.
• HealthStream shares fell 5.2% to $32.78 during trading, despite remaining near their 12-month high. Insiders recently sold shares, while institutional investors and hedge funds collectively own 69.58% of the stock.

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Monday, November 16th will be given a dividend of $0.0350 per share by the technology company on Friday, November 27th. This represents a $0.14 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, November 16th.

HealthStream has a dividend payout ratio of 20.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect HealthStream to earn $0.81 per share next year, which means the company should continue to be able to cover its $0.14 annual dividend with an expected future payout ratio of 17.3%.

HealthStream Trading Down 5.2%

HealthStream stock traded down $1.80 during mid-day trading on Tuesday, hitting $32.78. The stock had a trading volume of 355,229 shares, compared to its average volume of 251,043. The stock has a 50-day simple moving average of $31.05 and a two-hundred day simple moving average of $25.65. The stock has a market capitalization of $957.67 million, a PE ratio of 45.53, a P/E/G ratio of 3.90 and a beta of 0.45. HealthStream has a 12 month low of $19.50 and a 12 month high of $35.60.

HealthStream (NASDAQ:HSTM - Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The technology company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. The firm had revenue of $83.31 million during the quarter, compared to analyst estimates of $82.24 million. Sell-side analysts expect that HealthStream will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Robert Frist, Jr. sold 144,068 shares of the business's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $29.50, for a total value of $4,250,006.00. Following the transaction, the chief executive officer owned 3,907,038 shares in the company, valued at approximately $115,257,621. The trade was a 3.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Linda Rebrovick sold 12,000 shares of the firm's stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $35.00, for a total value of $420,000.00. Following the sale, the director directly owned 39,329 shares of the company's stock, valued at $1,376,515. This represents a 23.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership boosted its holdings in HealthStream by 21.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 377,945 shares of the technology company's stock worth $7,827,000 after purchasing an additional 65,806 shares during the last quarter. Quantinno Capital Management LP lifted its position in HealthStream by 283.5% during the first quarter. Quantinno Capital Management LP now owns 50,169 shares of the technology company's stock valued at $1,039,000 after purchasing an additional 37,088 shares during the last quarter. Lazard Asset Management LLC grew its position in HealthStream by 268.2% in the first quarter. Lazard Asset Management LLC now owns 157,208 shares of the technology company's stock worth $3,256,000 after acquiring an additional 114,511 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of HealthStream during the 2nd quarter valued at about $6,199,000. Finally, Dimensional Fund Advisors LP grew its position in HealthStream by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company's stock valued at $30,156,000 after acquiring an additional 87,177 shares during the last quarter. 69.58% of the stock is currently owned by institutional investors and hedge funds.

About HealthStream

HealthStream, Inc provides workforce and provider solutions designed for healthcare organizations. Its software and services help hospitals, health systems, medical practices and other healthcare providers manage employee education, training, credentialing, compliance and professional development.

The company's offerings include learning management and education tools, competency and performance-management solutions, and systems for managing provider credentials, privileging and enrollment.

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