Vincent Kelly Buys 5,000 Shares of Spok (NASDAQ:SPOK) Stock

Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent Kelly purchased 5,000 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $10.67 per share, with a total value of $53,350.00. Following the completion of the transaction, the chief executive officer directly owned 162,565 shares of the company’s stock, valued at approximately $1,734,568.55. This represents a 3.17% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Spok Price Performance

SPOK stock opened at $10.94 on Thursday. The business has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $12.68. The firm has a market capitalization of $228.54 million, a PE ratio of 18.23 and a beta of 0.45. Spok Holdings, Inc. has a 1 year low of $9.95 and a 1 year high of $19.31.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, April 29th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $33.23 million during the quarter, compared to analysts’ expectations of $35.00 million. Spok had a net margin of 9.27% and a return on equity of 8.64%. On average, equities research analysts expect that Spok Holdings, Inc. will post 0.66 EPS for the current year.

Spok Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Tuesday, May 26th will be given a $0.3125 dividend. The ex-dividend date is Tuesday, May 26th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 11.4%. Spok’s dividend payout ratio is 208.33%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPOK. B. Riley Financial lowered Spok from a “buy” rating to a “neutral” rating and dropped their price target for the company from $21.00 to $14.00 in a research report on Thursday, February 26th. Weiss Ratings lowered Spok from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPOK. AQR Capital Management LLC purchased a new position in Spok in the first quarter worth approximately $271,000. Goldman Sachs Group Inc. grew its position in Spok by 33.4% in the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock worth $8,575,000 after acquiring an additional 130,478 shares during the period. Jane Street Group LLC purchased a new position in Spok in the first quarter worth approximately $467,000. JPMorgan Chase & Co. grew its position in Spok by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 224,053 shares of the Wireless communications provider’s stock worth $3,961,000 after acquiring an additional 24,991 shares during the period. Finally, Rhumbline Advisers grew its position in Spok by 5.4% in the second quarter. Rhumbline Advisers now owns 34,805 shares of the Wireless communications provider’s stock worth $615,000 after acquiring an additional 1,773 shares during the period. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

About Spok

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.