Spok (NASDAQ:SPOK) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.17 and traded as high as $17.75. Spok shares last traded at $17.68, with a volume of 150,778 shares.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Spok from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 10th. B. Riley upgraded shares of Spok to a "strong-buy" rating in a research report on Thursday, May 1st.

Spok Price Performance

The company has a market cap of $366.04 million, a P/E ratio of 22.81 and a beta of 0.58. The stock's 50-day moving average is $16.44 and its two-hundred day moving average is $16.20.

Spok (NASDAQ:SPOK - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.07. The company had revenue of $36.29 million for the quarter, compared to the consensus estimate of $34.00 million. Spok had a net margin of 11.45% and a return on equity of 10.26%. On average, analysts predict that Spok Holdings, Inc. will post 0.76 EPS for the current year.

Spok Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Friday, May 23rd were given a $0.3125 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.25 annualized dividend and a yield of 7.02%. Spok's payout ratio is presently 160.26%.

Insider Activity at Spok

In other news, CEO Vincent D. Kelly sold 30,000 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $16.40, for a total value of $492,000.00. Following the completion of the sale, the chief executive officer directly owned 157,817 shares of the company's stock, valued at $2,588,198.80. This represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 directly owned 61,175 shares of the company's stock, valued at approximately $1,011,222.75. This trade represents a 8.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.37% of the stock is currently owned by company insiders.

Institutional Trading of Spok

Hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its stake in shares of Spok by 309.2% in the first quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock worth $29,000 after purchasing an additional 1,317 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in Spok during the fourth quarter valued at $34,000. SBI Securities Co. Ltd. grew its stake in Spok by 62.2% during the first quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider's stock valued at $36,000 after acquiring an additional 844 shares in the last quarter. US Bancorp DE grew its stake in Spok by 862.1% during the first quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider's stock valued at $46,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Spok by 12,125.8% during the first quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider's stock valued at $62,000 after acquiring an additional 3,759 shares in the last quarter. 50.81% of the stock is owned by hedge funds and other institutional investors.

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.