Spok (NASDAQ:SPOK) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.15 and traded as high as $16.64. Spok shares last traded at $16.55, with a volume of 84,172 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on SPOK shares. Wall Street Zen raised 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 research report on Thursday, May 1st.

Spok Trading Up 1.0%

The stock has a market capitalization of $347.02 million, a price-to-earnings ratio of 21.63 and a beta of 0.56. The firm has a 50-day moving average of $16.11 and a 200 day moving average of $16.15.

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

Spok Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Friday, May 23rd will be given a $0.3125 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.25 annualized dividend and a dividend yield of 7.41%. Spok's dividend payout ratio (DPR) is presently 160.26%.

Insider Buying and Selling at Spok

In other news, CEO Vincent D. Kelly sold 30,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 157,817 shares of the company's stock, valued at $2,588,198.80. The trade was a 15.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael W. Wallace sold 6,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $16.53, for a total value of $99,180.00. Following the completion of the transaction, the chief operating officer now directly owns 61,175 shares in the company, valued at $1,011,222.75. The trade was a 8.93% 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.

Institutional Trading of Spok

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC increased its position in shares of Spok by 309.2% in the 1st quarter. CWM LLC now owns 1,743 shares of the Wireless communications provider's stock valued at $29,000 after buying an additional 1,317 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Spok during the 4th quarter worth about $34,000. SBI Securities Co. Ltd. increased its holdings in shares of Spok by 62.2% during the first quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 844 shares during the period. US Bancorp DE increased its holdings in shares of Spok by 862.1% during the first quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider's stock worth $46,000 after purchasing an additional 2,500 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Spok by 12,125.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider's stock worth $62,000 after acquiring an additional 3,759 shares in the last quarter. Institutional investors own 50.81% of the company's stock.

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.