Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent D. Kelly sold 10,000 shares of Spok stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $15.50, for a total transaction of $155,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Spok Holdings, Inc. (SPOK) opened at $15.90 on Monday. The stock has a market cap of $318.29, a price-to-earnings ratio of 36.14 and a beta of 0.59. Spok Holdings, Inc. has a 1 year low of $13.75 and a 1 year high of $20.60.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 16th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, March 15th. This represents a $0.50 annualized dividend and a dividend yield of 3.14%. Spok’s dividend payout ratio (DPR) is currently -64.93%.

Spok announced that its board has initiated a stock buyback program on Wednesday, February 28th that permits the company to buyback $10.00 million in shares. This buyback authorization permits the Wireless communications provider to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Spok during the 3rd quarter worth $138,000. MetLife Investment Advisors LLC purchased a new stake in shares of Spok during the 4th quarter worth $183,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Spok during the 3rd quarter worth $182,000. Jefferies Group LLC purchased a new stake in shares of Spok during the 4th quarter worth $194,000. Finally, Voya Investment Management LLC lifted its position in Spok by 13.1% in the second quarter. Voya Investment Management LLC now owns 12,459 shares of the Wireless communications provider’s stock valued at $221,000 after acquiring an additional 1,439 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub cut shares of Spok from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.

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Spok Company Profile

USA Mobility, Inc (USA Mobility) is a holding company, which operates through its indirect wholly owned subsidiary, USA Mobility Wireless, Inc The Company is a provider of wireless messaging, mobile voice and data and unified communications solutions in the United States. In addition, through its indirect wholly owned subsidiary, Amcom Software, Inc (Amcom), it provides mission critical unified communications solutions for contact centers, emergency management, mobile event notification and Smartphone messaging.

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