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

Shares of Spok stock traded up $0.09 during trading on Thursday, reaching $16.45. The company had a trading volume of 793 shares, compared to its average volume of 108,433. Spok has a fifty-two week low of $12.21 and a fifty-two week high of $17.25.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 24th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.04%.

In other news, Director Todd J. Stein sold 65,376 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $15.84, for a total value of $1,035,555.84. Following the sale, the director now owns 2,973 shares in the company, valued at approximately $47,092.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent D. Kelly sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $14.13, for a total transaction of $70,650.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 75,376 shares of company stock worth $1,175,206. Company insiders own 7.51% of the company’s stock.

Several institutional investors have recently modified their holdings of SPOK. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Spok during the first quarter worth about $41,000. BNP Paribas Arbitrage SA raised its stake in Spok by 54,571.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,827 shares of the Wireless communications provider’s stock worth $52,000 after acquiring an additional 3,820 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in Spok during the fourth quarter worth about $74,000. Oregon Public Employees Retirement Fund acquired a new stake in Spok during the fourth quarter worth about $91,000. Finally, Metropolitan Life Insurance Co. NY raised its stake in Spok by 523.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,169 shares of the Wireless communications provider’s stock worth $95,000 after acquiring an additional 6,019 shares during the period. Institutional investors and hedge funds own 82.75% 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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