BidaskClub lowered shares of Spok (NASDAQ:SPOK) from a strong-buy rating to a buy rating in a research report released on Wednesday.

SPOK stock opened at $13.51 on Wednesday. Spok has a twelve month low of $12.59 and a twelve month high of $16.60. The company has a market cap of $249.23 million, a price-to-earnings ratio of 128.10 and a beta of 0.48.

Spok (NASDAQ:SPOK) last released its quarterly earnings data on Wednesday, October 24th. The Wireless communications provider reported ($0.02) earnings per share for the quarter. Spok had a positive return on equity of 0.65% and a negative net margin of 13.14%. The company had revenue of $42.48 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Friday, November 16th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.50 dividend on an annualized basis and a yield of 3.70%.

In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $13.91, for a total transaction of $139,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in Spok during the third quarter worth approximately $459,000. Mackenzie Financial Corp acquired a new stake in Spok during the third quarter worth approximately $357,000. Paloma Partners Management Co acquired a new stake in Spok during the third quarter worth approximately $433,000. Renaissance Technologies LLC raised its holdings in Spok by 1.2% during the third quarter. Renaissance Technologies LLC now owns 1,581,889 shares of the Wireless communications provider’s stock worth $24,361,000 after purchasing an additional 18,989 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Spok in the 3rd quarter valued at $491,000. 81.69% of the stock is currently owned by institutional investors.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides various communications solutions to healthcare, government, and other enterprises in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company provides one-way messaging, including numeric messaging services, which enable subscribers to receive messages comprising numbers, such as phone numbers; and alphanumeric messages, including numbers and letters that enable subscribers to receive text messages.

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