Spok (NASDAQ:SPOK) Director Sells $195,752.25 in Stock

Spok Holdings, Inc. (NASDAQ:SPOK) Director Brett Shockley sold 16,245 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $12.05, for a total transaction of $195,752.25. Following the transaction, the director directly owned 26,817 shares in the company, valued at approximately $323,144.85. The trade was a 37.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Spok Price Performance

Shares of SPOK stock opened at $11.76 on Friday. The company’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $11.26. The firm has a market capitalization of $246.14 million, a P/E ratio of 13.21 and a beta of 0.47. Spok Holdings, Inc. has a 12 month low of $9.95 and a 12 month high of $13.98.

Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.30. Spok had a net margin of 13.88% and a return on equity of 13.12%. The company had revenue of $33.00 million for the quarter, compared to analyst estimates of $34.70 million.

Spok Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.25 dividend on an annualized basis and a yield of 10.6%. Spok’s dividend payout ratio is presently 140.45%.

Institutional Investors Weigh In On Spok

A number of hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in Spok by 1.2% in the first quarter. Renaissance Technologies LLC now owns 1,261,579 shares of the Wireless communications provider’s stock worth $13,751,000 after purchasing an additional 15,000 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Spok by 1.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 715,869 shares of the Wireless communications provider’s stock worth $7,804,000 after buying an additional 12,043 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Spok during the second quarter worth about $2,397,000. Hsbc Holdings PLC increased its position in shares of Spok by 11.6% during the fourth quarter. Hsbc Holdings PLC now owns 60,331 shares of the Wireless communications provider’s stock worth $797,000 after acquiring an additional 6,262 shares during the last quarter. Finally, Keebeck Wealth Management lifted its holdings in Spok by 25.0% in the 1st quarter. Keebeck Wealth Management now owns 50,000 shares of the Wireless communications provider’s stock valued at $545,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPOK. Wall Street Zen upgraded Spok from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Weiss Ratings raised shares of Spok from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $14.00.

About Spok

Spok Holdings, Inc is a healthcare communications technology company that provides software and services designed to help healthcare organizations manage critical information and coordinate clinical workflows. Its customers include hospitals, health systems, integrated delivery networks, government agencies and other organizations that require reliable communication for patient care and operational activities.

The company’s offerings include secure messaging, clinical alerting, on-call scheduling, smartphone and mobile communications, operator console and contact-center capabilities, and workflow automation.