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

HealthStream, Inc. (NASDAQ:HSTM) announced a quarterly dividend on Monday, November 2nd. Investors 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 dividend on an annualized basis and a 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 Stock Down 5.2%

Shares of HealthStream stock traded down $1.80 during trading on Tuesday, reaching $32.78. 355,229 shares of the stock were exchanged, compared to its average volume of 251,043. The firm has a market cap of $957.67 million, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 3.90 and a beta of 0.45. HealthStream has a 1 year low of $19.50 and a 1 year high of $35.60. The stock’s fifty day moving average is $31.05 and its 200 day moving average is $25.65.

HealthStream (NASDAQ:HSTM) last posted its earnings results on Monday, November 2nd. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $83.31 million for the quarter, compared to analysts’ expectations of $82.24 million. HealthStream had a return on equity of 6.81% and a net margin of 6.60%. Equities 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, Director Linda Rebrovick sold 12,000 shares of HealthStream stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $35.00, for a total transaction of $420,000.00. Following the completion of the transaction, the director directly owned 39,329 shares of the company’s stock, valued at $1,376,515. The trade was a 23.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert 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 transaction, the chief executive officer directly owned 3,907,038 shares of the company’s stock, valued at approximately $115,257,621. This represents a 3.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On HealthStream

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in HealthStream during the 2nd quarter valued at $111,184,000. Dimensional Fund Advisors LP raised its stake in shares of HealthStream by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,456,043 shares of the technology company’s stock worth $30,156,000 after acquiring an additional 87,177 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of HealthStream by 43.8% during 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 purchasing an additional 389,186 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of HealthStream by 0.5% during the first quarter. Renaissance Technologies LLC now owns 477,848 shares of the technology company’s stock worth $9,896,000 after acquiring an additional 2,380 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings 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 buying an additional 65,806 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

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.