BidaskClub lowered shares of Spok (NASDAQ:SPOK) from a sell rating to a strong sell rating in a report published on Saturday.

Separately, ValuEngine upgraded Spok from a sell rating to a hold rating in a research report on Friday, August 3rd.

Shares of SPOK stock opened at $14.90 on Friday. Spok has a 52-week low of $13.75 and a 52-week high of $18.85. The firm has a market capitalization of $284.09 million, a price-to-earnings ratio of 47.10 and a beta of 0.37.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, July 25th. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter. Spok had a positive return on equity of 2.07% and a negative net margin of 10.59%. The business had revenue of $40.63 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Friday, August 17th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.36%.

In other news, insider Sharon Woods-Keisling sold 3,120 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $15.60, for a total transaction of $48,672.00. Following the completion of the transaction, the insider now owns 27,110 shares in the company, valued at $422,916. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $15.20, for a total value of $152,000.00. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its position in shares of Spok by 200.8% during the second quarter. Millennium Management LLC now owns 151,428 shares of the Wireless communications provider’s stock valued at $2,279,000 after purchasing an additional 101,081 shares in the last quarter. Alambic Investment Management L.P. grew its position in shares of Spok by 44.6% during the second quarter. Alambic Investment Management L.P. now owns 163,198 shares of the Wireless communications provider’s stock valued at $2,456,000 after purchasing an additional 50,338 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Spok by 30.0% during the second quarter. Citadel Advisors LLC now owns 113,596 shares of the Wireless communications provider’s stock valued at $1,709,000 after purchasing an additional 26,200 shares in the last quarter. Legal & General Group Plc grew its position in shares of Spok by 11.6% during the second quarter. Legal & General Group Plc now owns 40,160 shares of the Wireless communications provider’s stock valued at $605,000 after purchasing an additional 4,173 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of Spok by 6.0% during the second quarter. BlackRock Inc. now owns 3,117,215 shares of the Wireless communications provider’s stock valued at $46,914,000 after purchasing an additional 176,639 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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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