Spok (NASDAQ:SPOK) CEO Buys $53,350.00 in Stock

Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent Kelly purchased 5,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $10.67 per share, with a total value of $53,350.00. Following the acquisition, the chief executive officer owned 162,565 shares of the company’s stock, valued at $1,734,568.55. This represents a 3.17% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Spok Trading Up 0.8%

Shares of Spok stock traded up $0.08 during midday trading on Tuesday, reaching $10.74. The company had a trading volume of 373,134 shares, compared to its average volume of 180,357. The company has a market capitalization of $224.36 million, a price-to-earnings ratio of 17.90 and a beta of 0.45. The stock has a fifty day simple moving average of $11.38 and a 200 day simple moving average of $12.75. Spok Holdings, Inc. has a 1-year low of $9.95 and a 1-year high of $19.31.

Spok (NASDAQ:SPOK) last issued its quarterly earnings results on Wednesday, April 29th. The Wireless communications provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). The company had revenue of $33.23 million during the quarter, compared to analyst estimates of $35.00 million. Spok had a net margin of 9.27% and a return on equity of 8.64%. Sell-side analysts expect that Spok Holdings, Inc. will post 0.66 earnings per share for the current year.

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Tuesday, May 26th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.25 dividend on an annualized basis and a yield of 11.6%. Spok’s dividend payout ratio (DPR) is presently 208.33%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SPOK shares. Weiss Ratings cut shares of Spok from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. B. Riley Financial cut shares of Spok from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $21.00 to $14.00 in a research note on Thursday, February 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Spok presently has an average rating of “Hold” and a consensus price target of $14.00.

Hedge Funds Weigh In On Spok

A number of hedge funds and other institutional investors have recently made changes to their positions in SPOK. AQR Capital Management LLC bought a new position in shares of Spok during the first quarter worth $271,000. Goldman Sachs Group Inc. boosted its position in shares of Spok by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock worth $8,575,000 after purchasing an additional 130,478 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Spok during the first quarter worth $467,000. JPMorgan Chase & Co. boosted its position in shares of Spok by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 224,053 shares of the Wireless communications provider’s stock worth $3,961,000 after purchasing an additional 24,991 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Spok by 5.4% during the second quarter. Rhumbline Advisers now owns 34,805 shares of the Wireless communications provider’s stock worth $615,000 after purchasing an additional 1,773 shares in the last quarter. 50.81% of the stock is owned by institutional investors.

Spok Company Profile

Spok, Inc is a publicly traded healthcare communications and collaboration company headquartered in Bellevue, Washington. The company specializes in providing secure, real-time clinical communication solutions designed to streamline workflows and enhance patient care. Serving hospitals, health systems, and other healthcare organizations across North America and selected international markets, Spok has positioned itself as a leading provider of secure messaging and nurse call integration.

Spok’s flagship offering, the Spok Care Connect platform, delivers a suite of integrated products, including secure text and voice messaging, alarm and event management, call center solutions, and digital signage.