Spok Holdings, Inc. (NASDAQ:SPOK - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
Analyst Ratings Changes
SPOK has been the subject of several research analyst reports. Wall Street Zen raised shares of Spok from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 10th. B. Riley raised shares of Spok to a "strong-buy" rating in a research note on Thursday, May 1st.
View Our Latest Stock Analysis on SPOK
Spok Trading Up 0.1%
The stock has a market cap of $340.43 million, a PE ratio of 21.22 and a beta of 0.56. The firm's 50-day moving average price is $16.05 and its two-hundred day moving average price is $16.15.
Spok (NASDAQ:SPOK - Get Free Report) last posted its earnings results on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.07. The company had revenue of $36.29 million during the quarter, compared to analyst estimates of $34.00 million. Spok had a return on equity of 10.26% and a net margin of 11.45%. On average, analysts anticipate that Spok Holdings, Inc. will post 0.76 earnings per share for the current year.
Spok Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, May 23rd will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Friday, May 23rd. Spok's dividend payout ratio (DPR) is currently 160.26%.
Insider Buying and Selling at Spok
In other Spok news, COO Michael W. Wallace sold 6,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $16.53, for a total value 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 $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 available at the SEC website. Also, CEO Vincent D. Kelly sold 30,000 shares of the company's 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 transaction, the chief executive officer now directly owns 157,817 shares in the company, valued at approximately $2,588,198.80. The trade was a 15.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.37% of the stock is owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in 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 acquiring an additional 1,317 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Spok during the fourth quarter valued at about $34,000. SBI Securities Co. Ltd. raised its position in shares of Spok by 62.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,200 shares of the Wireless communications provider's stock valued at $36,000 after purchasing an additional 844 shares during the last quarter. US Bancorp DE raised its position in shares of Spok by 862.1% in the 1st quarter. US Bancorp DE now owns 2,790 shares of the Wireless communications provider's stock valued at $46,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in Spok by 12,125.8% in the 1st quarter. Nisa Investment Advisors LLC now owns 3,790 shares of the Wireless communications provider's stock worth $62,000 after purchasing an additional 3,759 shares in the last quarter. 50.81% of the stock is currently owned by hedge funds and other institutional investors.
About Spok
(
Get Free Report)
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.
Further Reading
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