HealthStream, Inc. (NASDAQ:HSTM) to Issue Quarterly Dividend of $0.04

HealthStream, Inc. (NASDAQ:HSTM) 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 research 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 5.1%

Shares of HSTM traded down $1.75 during trading hours on Tuesday, hitting $32.83. The company had a trading volume of 370,115 shares, compared to its average volume of 251,210. The company has a market capitalization of $959.04 million, a PE ratio of 45.65, a price-to-earnings-growth ratio of 3.90 and a beta of 0.45. HealthStream has a one year low of $19.50 and a one year high of $35.60. The company’s fifty day moving average price is $31.05 and its two-hundred day moving average price is $25.65.

HealthStream (NASDAQ:HSTM) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $83.31 million for the quarter, compared to the consensus estimate of $82.24 million. HealthStream had a net margin of 6.60% and a return on equity of 6.81%. Analysts forecast that HealthStream will post 0.72 earnings per share for the current year.

Insider Buying and Selling at HealthStream

In other HealthStream news, CEO Robert A. Frist, Jr. sold 144,068 shares of HealthStream stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $29.50, for a total transaction of $4,250,006.00. Following the completion of the sale, the chief executive officer owned 3,907,038 shares of the company’s stock, valued at approximately $115,257,621. The trade was a 3.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Linda Rebrovick sold 12,000 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $35.00, for a total value of $420,000.00. Following the sale, the director owned 39,329 shares in the company, valued at approximately $1,376,515. The trade was a 23.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HealthStream

Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in HealthStream during the 2nd quarter worth approximately $111,184,000. Dimensional Fund Advisors LP boosted its holdings in shares of HealthStream by 6.4% in the 1st 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. Copeland Capital Management LLC boosted its holdings in shares of HealthStream by 43.8% in the 1st quarter. Copeland Capital Management LLC now owns 1,276,739 shares of the technology company’s stock valued at $26,441,000 after acquiring an additional 389,186 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of HealthStream by 0.5% in the 1st quarter. Renaissance Technologies LLC now owns 477,848 shares of the technology company’s stock valued at $9,896,000 after acquiring an additional 2,380 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of HealthStream by 21.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 377,945 shares of the technology company’s stock worth $7,827,000 after acquiring an additional 65,806 shares during the period. Institutional investors and hedge funds own 69.58% of the company’s stock.

HealthStream Company Profile

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.