Spok (NASDAQ:SPOK) Lowered to Hold at StockNews.com

StockNews.com cut shares of Spok (NASDAQ:SPOK) from a buy rating to a hold rating in a research note released on Monday.

Spok Trading Up 2.5 %

Spok stock opened at $14.94 on Monday. The firm’s fifty day moving average price is $16.01 and its two-hundred day moving average price is $15.93. The firm has a market capitalization of $302.48 million, a price-to-earnings ratio of 18.00 and a beta of 0.27. Spok has a 1-year low of $10.46 and a 1-year high of $18.14.

Spok (NASDAQ:SPOK) last announced its quarterly earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share for the quarter. The business had revenue of $34.91 million for the quarter. Spok had a net margin of 11.93% and a return on equity of 10.23%.

Spok Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 24th will be given a $0.313 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date of this dividend is Thursday, May 23rd. Spok’s payout ratio is currently 150.60%.

Insider Buying and Selling at Spok

In other news, Director Todd J. Stein sold 25,927 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $17.92, for a total value of $464,611.84. Following the completion of the sale, the director now owns 696,637 shares in the company, valued at $12,483,735.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 11.88% of the company’s stock.

Institutional Trading of Spok

A number of institutional investors and hedge funds have recently modified their holdings of the business. Foundry Partners LLC boosted its position in Spok by 0.3% in the third quarter. Foundry Partners LLC now owns 455,165 shares of the Wireless communications provider’s stock worth $6,495,000 after purchasing an additional 1,245 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Spok by 17.3% during the 4th quarter. SG Americas Securities LLC now owns 14,288 shares of the Wireless communications provider’s stock worth $221,000 after purchasing an additional 2,105 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Spok by 162.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,015 shares of the Wireless communications provider’s stock worth $72,000 after buying an additional 3,105 shares during the last quarter. BNP Paribas Financial Markets grew its position in Spok by 82.8% during the first quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock valued at $137,000 after buying an additional 3,884 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in Spok by 439.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,913 shares of the Wireless communications provider’s stock worth $76,000 after buying an additional 4,003 shares during the last quarter. 50.81% of the stock is owned by hedge funds and other institutional investors.

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.