Spok (SPOK) Lowered to Sell at BidaskClub
BidaskClub downgraded shares of Spok (NASDAQ:SPOK) from a hold rating to a sell rating in a research note published on Tuesday.
Spok (NASDAQ SPOK) traded down $0.25 during midday trading on Tuesday, reaching $15.50. The company had a trading volume of 97,700 shares, compared to its average volume of 125,604. The company has a market capitalization of $314.74, a P/E ratio of 35.00 and a beta of 0.61. Spok has a fifty-two week low of $14.45 and a fifty-two week high of $22.60.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 17th were issued a $0.125 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.50 dividend on an annualized basis and a yield of 3.23%. Spok’s dividend payout ratio is presently 111.11%.
Several institutional investors have recently made changes to their positions in SPOK. SG Americas Securities LLC bought a new stake in shares of Spok in the third quarter worth about $138,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Spok in the third quarter worth about $182,000. Hancock Holding Co. bought a new stake in shares of Spok in the second quarter worth about $193,000. OxFORD Asset Management LLP bought a new stake in shares of Spok in the third quarter worth about $203,000. Finally, Great Lakes Advisors LLC bought a new stake in shares of Spok in the second quarter worth about $204,000. Institutional investors own 85.28% of the company’s stock.
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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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