BidaskClub upgraded shares of Spok (NASDAQ:SPOK) from a sell rating to a hold rating in a report released on Thursday, BidAskClub reports.

Shares of SPOK stock opened at $14.45 on Thursday. Spok has a 1-year low of $12.21 and a 1-year high of $17.25.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.04 earnings per share for the quarter. Spok had a negative return on equity of 0.19% and a negative net margin of 0.31%. The company had revenue of $41.76 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 24th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Thursday, May 23rd.

In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $15.38, for a total value of $153,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Todd J. Stein sold 65,376 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $15.84, for a total value of $1,035,555.84. Following the completion of the sale, the director now directly owns 2,973 shares of the company’s stock, valued at approximately $47,092.32. The disclosure for this sale can be found here. 7.51% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SPOK. Deprince Race & Zollo Inc. acquired a new stake in Spok in the first quarter worth about $4,447,000. Martingale Asset Management L P boosted its holdings in Spok by 129.8% in the first quarter. Martingale Asset Management L P now owns 116,510 shares of the Wireless communications provider’s stock worth $1,587,000 after acquiring an additional 65,800 shares in the last quarter. Alambic Investment Management L.P. boosted its holdings in Spok by 67.1% in the fourth quarter. Alambic Investment Management L.P. now owns 132,849 shares of the Wireless communications provider’s stock worth $1,762,000 after acquiring an additional 53,367 shares in the last quarter. Foundry Partners LLC boosted its holdings in Spok by 10.2% in the first quarter. Foundry Partners LLC now owns 381,965 shares of the Wireless communications provider’s stock worth $5,202,000 after acquiring an additional 35,475 shares in the last quarter. Finally, 6 Meridian acquired a new stake in Spok in the first quarter worth about $468,000. 80.35% of the stock is owned by institutional investors and hedge funds.

Spok Company Profile

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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