Spok Holdings Inc (NASDAQ:SPOK) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 507,300 shares, a drop of 17.2% from the June 30th total of 612,900 shares. Based on an average trading volume of 141,100 shares, the days-to-cover ratio is currently 3.6 days. Currently, 2.7% of the shares of the company are short sold.

Separately, BidaskClub cut Spok from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 24th.

In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $15.38, for a total transaction of $153,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.51% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of Spok by 552.7% during the 2nd quarter. Invesco Ltd. now owns 1,060,847 shares of the Wireless communications provider’s stock worth $15,955,000 after buying an additional 898,304 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in shares of Spok by 1.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 738,107 shares of the Wireless communications provider’s stock worth $10,053,000 after buying an additional 8,272 shares in the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Spok by 70.0% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 555,173 shares of the Wireless communications provider’s stock worth $8,350,000 after buying an additional 228,668 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its stake in Spok by 1.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 386,000 shares of the Wireless communications provider’s stock valued at $5,805,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Spok by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 382,308 shares of the Wireless communications provider’s stock valued at $5,749,000 after purchasing an additional 16,177 shares in the last quarter. 80.47% of the stock is owned by institutional investors and hedge funds.

Shares of SPOK stock traded down $0.25 during trading hours on Wednesday, reaching $11.72. 246,600 shares of the company’s stock were exchanged, compared to its average volume of 113,954. The business’s 50 day simple moving average is $14.14. Spok has a 1 year low of $11.43 and a 1 year high of $17.25.

Spok (NASDAQ:SPOK) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $39.53 million for the quarter. Spok had a negative return on equity of 0.08% and a negative net margin of 0.13%.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Thursday, August 15th.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

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