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

HealthStream, Inc. (NASDAQ:HSTM - Get Free Report) declared 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 dividend yield of 0.43%. The ex-dividend date is Friday, May 3rd.

HealthStream has a dividend payout ratio of 19.0% meaning 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 Performance

Shares of HealthStream stock traded down $0.49 during mid-day trading on Wednesday, hitting $25.92. 207,620 shares of the stock were exchanged, compared to its average volume of 105,466. HealthStream has a 12 month low of $20.47 and a 12 month high of $29.12. The company has a 50-day simple moving average of $26.16 and a 200 day simple moving average of $25.88. The company has a market capitalization of $787.97 million, a P/E ratio of 44.69, a P/E/G ratio of 3.94 and a beta of 0.36.

HealthStream (NASDAQ:HSTM - Get Free Report) last posted its earnings results on Monday, April 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. HealthStream had a net margin of 6.30% and a return on equity of 5.22%. The firm had revenue of $72.80 million for the quarter, compared to analysts' expectations of $71.88 million. During the same quarter last year, the firm earned $0.12 EPS. The company's quarterly revenue was up 5.7% compared to the same quarter last year. Analysts predict that HealthStream will post 0.51 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently commented on HSTM. StockNews.com cut shares of HealthStream from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Barclays began coverage on shares of HealthStream in a report on Wednesday, January 3rd. They issued an "overweight" rating and a $32.00 price target on the stock. Finally, William Blair reaffirmed an "outperform" rating on shares of HealthStream in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

Insider Activity at HealthStream

In related news, SVP Trisha L. Coady sold 7,000 shares of HealthStream 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 completion of the transaction, the senior vice president now directly owns 14,693 shares in the company, valued at approximately $387,013.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael Sousa sold 15,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 42,525 shares in the company, valued at approximately $1,158,806.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Trisha L. Coady sold 7,000 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $26.34, for a total transaction of $184,380.00. Following the transaction, the senior vice president now owns 14,693 shares of the company's stock, valued at $387,013.62. The disclosure for this sale can be found here. 20.60% of the stock is owned by company insiders.

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.