Spok Holdings, Inc. (NASDAQ:SPOK) Short Interest Update

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 141,500 shares, a decrease of 49.0% from the April 30th total of 277,600 shares. Based on an average daily volume of 157,200 shares, the short-interest ratio is currently 0.9 days. Approximately 0.8% of the company's stock are short sold.

Spok Stock Performance

Shares of NASDAQ:SPOK traded up $0.11 during midday trading on Friday, hitting $16.29. 167,571 shares of the stock were exchanged, compared to its average volume of 121,181. The company has a market capitalization of $335.12 million, a PE ratio of 22.32 and a beta of 0.51. Spok has a 52-week low of $13.55 and a 52-week high of $17.96. The business's fifty day simple moving average is $15.88 and its two-hundred day simple moving average is $16.14.

Spok (NASDAQ:SPOK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. The firm had revenue of $36.29 million for the quarter, compared to the consensus estimate of $34.00 million. Spok had a net margin of 10.66% and a return on equity of 9.20%. As a group, equities analysts anticipate that Spok will post 0.76 EPS for the current year.

Spok Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 7.67%. The ex-dividend date is Friday, May 23rd. Spok's payout ratio is 160.26%.

Insider Activity

In related news, COO Michael W. Wallace sold 6,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total transaction of $99,180.00. Following the completion of the sale, the chief operating officer now directly owns 61,175 shares in the company, valued at approximately $1,011,222.75. This trade represents a 8.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent D. Kelly sold 30,000 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $16.40, for a total value of $492,000.00. Following the sale, the chief executive officer now owns 157,817 shares of the company's stock, valued at approximately $2,588,198.80. This represents a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.37% of the company's stock.

Hedge Funds Weigh In On Spok

Several hedge funds have recently bought and sold shares of SPOK. Allspring Global Investments Holdings LLC increased its position in Spok by 67.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider's stock worth $1,782,000 after buying an additional 44,896 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of Spok by 4.9% in the fourth quarter. Sanctuary Advisors LLC now owns 27,269 shares of the Wireless communications provider's stock valued at $439,000 after purchasing an additional 1,271 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Spok by 133.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,241 shares of the Wireless communications provider's stock valued at $1,689,000 after purchasing an additional 60,256 shares during the last quarter. Magnetar Financial LLC bought a new position in shares of Spok in the fourth quarter worth about $647,000. Finally, American Century Companies Inc. increased its stake in shares of Spok by 15.3% in the fourth quarter. American Century Companies Inc. now owns 29,927 shares of the Wireless communications provider's stock worth $480,000 after purchasing an additional 3,978 shares during the period. 50.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPOK has been the subject of several recent research reports. Wall Street Zen upgraded Spok from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 10th. B. Riley upgraded Spok to a "strong-buy" rating in a report on Thursday, May 1st.

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.