Spok Holdings, Inc. (NASDAQ:SPOK) Sees Significant Decline in Short Interest

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 431,800 shares, a drop of 34.3% from the March 15th total of 657,600 shares. Based on an average trading volume of 154,100 shares, the short-interest ratio is presently 2.8 days. Approximately 2.2% of the shares of the company are short sold.

Insider Buying and Selling

In related news, Director Todd J. Stein sold 25,927 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $17.92, for a total value of $464,611.84. Following the completion of the transaction, the director now owns 696,637 shares in the company, valued at approximately $12,483,735.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.88% of the company's stock.

Hedge Funds Weigh In On Spok

Several large investors have recently made changes to their positions in SPOK. BlackRock Inc. boosted its position in shares of Spok by 191.2% during the 2nd quarter. BlackRock Inc. now owns 1,230,666 shares of the Wireless communications provider's stock valued at $16,356,000 after purchasing an additional 808,001 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Spok by 364.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 417,824 shares of the Wireless communications provider's stock valued at $3,422,000 after acquiring an additional 327,780 shares in the last quarter. Acadian Asset Management LLC bought a new position in Spok during the third quarter valued at approximately $3,850,000. State Street Corp raised its position in Spok by 319.1% during the second quarter. State Street Corp now owns 286,445 shares of the Wireless communications provider's stock valued at $3,807,000 after acquiring an additional 218,091 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Spok by 104.0% during the second quarter. Geode Capital Management LLC now owns 394,264 shares of the Wireless communications provider's stock valued at $5,240,000 after acquiring an additional 200,971 shares in the last quarter. Institutional investors own 50.81% of the company's stock.

Spok Trading Down 0.8 %

SPOK traded down $0.12 on Friday, reaching $15.42. The company had a trading volume of 82,492 shares, compared to its average volume of 150,679. The company has a fifty day moving average of $16.56 and a 200-day moving average of $15.85. The company has a market capitalization of $310.56 million, a P/E ratio of 20.03 and a beta of 0.26. Spok has a one year low of $10.46 and a one year high of $18.14.

Spok (NASDAQ:SPOK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The Wireless communications provider reported $0.17 earnings per share for the quarter. Spok had a net margin of 11.27% and a return on equity of 9.43%. The company had revenue of $33.95 million during the quarter.

Spok Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.313 per share. This is a positive change from Spok's previous quarterly dividend of $0.31. The ex-dividend date was Thursday, March 14th. This represents a $1.25 annualized dividend and a dividend yield of 8.12%. Spok's dividend payout ratio (DPR) is 162.34%.

Spok Company Profile

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.