Spok (NASDAQ:SPOK) Director Brett Shockley Sells 16,245 Shares of Stock

Spok Holdings, Inc. (NASDAQ:SPOK) Director Brett Shockley sold 16,245 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $12.05, for a total transaction of $195,752.25. Following the completion of the transaction, the director owned 26,817 shares of the company’s stock, valued at $323,144.85. This trade represents a 37.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Spok Trading Up 0.6%

Shares of NASDAQ:SPOK opened at $12.07 on Thursday. The company has a 50 day moving average of $10.72 and a 200 day moving average of $11.27. The stock has a market cap of $252.63 million, a P/E ratio of 13.56 and a beta of 0.47. Spok Holdings, Inc. has a 12 month low of $9.95 and a 12 month high of $13.98.

Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, October 28th. The Wireless communications provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.30. Spok had a net margin of 13.88% and a return on equity of 13.12%. The business had revenue of $33.00 million for the quarter, compared to analyst estimates of $34.70 million.

Spok Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 9th. Investors of record on Wednesday, November 18th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Wednesday, November 18th. Spok’s dividend payout ratio (DPR) is 140.45%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPOK. Weiss Ratings raised Spok from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Wall Street Zen raised Spok from a “hold” rating to a “buy” rating in a report on Saturday, October 31st. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Spok has an average rating of “Hold” and an average price target of $14.00.

Hedge Funds Weigh In On Spok

A number of institutional investors have recently made changes to their positions in SPOK. Triumph Capital Management increased its position in shares of Spok by 36.2% during the 3rd quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider’s stock valued at $71,000 after purchasing an additional 1,800 shares during the last quarter. Amundi purchased a new position in shares of Spok during the 2nd quarter valued at about $125,000. Public Employees Retirement System of Ohio bought a new stake in Spok in the 2nd quarter worth approximately $213,000. Bank of New York Mellon Corp bought a new stake in Spok in the 2nd quarter worth approximately $2,397,000. Finally, Redhawk Wealth Advisors Inc. boosted its stake in Spok by 89.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider’s stock worth $196,000 after buying an additional 9,021 shares in the last quarter. Institutional investors own 50.81% of the company’s stock.

Spok Company Profile

Spok Holdings, Inc is a healthcare communications technology company that provides software and services designed to help healthcare organizations manage critical information and coordinate clinical workflows. Its customers include hospitals, health systems, integrated delivery networks, government agencies and other organizations that require reliable communication for patient care and operational activities.

The company’s offerings include secure messaging, clinical alerting, on-call scheduling, smartphone and mobile communications, operator console and contact-center capabilities, and workflow automation.