BidaskClub downgraded shares of Spok (NASDAQ:SPOK) from a hold rating to a sell rating in a research report released on Friday morning, BidAskClub reports.

Shares of Spok stock opened at $15.40 on Friday. The firm’s 50-day moving average price is $15.14. Spok has a 12 month low of $12.21 and a 12 month high of $17.25.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.04 EPS for the quarter. The firm had revenue of $41.76 million for the quarter. Spok had a negative return on equity of 0.19% and a negative net margin of 0.31%.

The business also recently announced a quarterly dividend, which was paid on Monday, June 24th. Investors of record on Friday, May 24th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Thursday, May 23rd.

In other Spok news, CEO Vincent D. Kelly sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $15.38, for a total value of $153,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Todd J. Stein sold 65,376 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $15.84, for a total value of $1,035,555.84. Following the completion of the sale, the director now owns 2,973 shares of the company’s stock, valued at approximately $47,092.32. The disclosure for this sale can be found here. Corporate insiders own 7.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA lifted its stake in Spok by 54,571.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,827 shares of the Wireless communications provider’s stock valued at $52,000 after buying an additional 3,820 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Spok in the 4th quarter valued at about $74,000. Oregon Public Employees Retirement Fund purchased a new position in Spok in the 4th quarter valued at about $91,000. Metropolitan Life Insurance Co. NY lifted its stake in Spok by 523.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,169 shares of the Wireless communications provider’s stock valued at $95,000 after buying an additional 6,019 shares in the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in Spok in the 4th quarter valued at about $137,000. Institutional investors and hedge funds own 80.35% of the company’s stock.

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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