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

HealthStream, Inc. (NASDAQ:HSTM) announced 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 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, May 3rd.

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

Shares of HSTM stock traded down $0.45 on Wednesday, reaching $25.96. 44,719 shares of the stock were exchanged, compared to its average volume of 103,379. The stock has a market cap of $789.18 million, a PE ratio of 45.54, a P/E/G ratio of 3.94 and a beta of 0.36. HealthStream has a one year low of $20.47 and a one year high of $29.12. The stock has a 50 day moving average price of $26.17 and a 200 day moving average price of $25.85.

HealthStream (NASDAQ:HSTM) last announced its quarterly earnings data on Monday, April 22nd. The technology company reported $0.17 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 analysts’ expectations of $71.88 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, research analysts expect that HealthStream will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other HealthStream news, EVP Michael Sousa sold 15,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $27.25, for a total value of $408,750.00. Following the completion of the sale, the executive vice president now directly owns 42,525 shares in the company, valued at $1,158,806.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Michael Sousa sold 15,000 shares of the stock in a transaction dated Monday, February 26th. The stock was 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 $1,158,806.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Trisha L. Coady sold 7,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $26.34, for a total value 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. Corporate insiders own 20.60% of the company’s stock.

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.