Spok Holdings Inc (NASDAQ:SPOK) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,060,500 shares, an increase of 109.0% from the July 31st total of 507,300 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average daily volume of 143,500 shares, the short-interest ratio is presently 7.4 days.

Shares of Spok stock traded down $0.07 on Friday, hitting $12.30. 5,307 shares of the company’s stock traded hands, compared to its average volume of 183,010. Spok has a one year low of $11.12 and a one year high of $17.25. The company has a fifty day moving average of $12.27 and a two-hundred day moving average of $14.04.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported ($0.03) EPS for the quarter. The company had revenue of $39.53 million during the quarter. Spok had a negative return on equity of 0.08% and a negative net margin of 0.13%.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 16th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Thursday, August 15th.

In other Spok news, CEO Vincent D. Kelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $11.57, for a total value of $57,850.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.51% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in Spok by 54,571.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,827 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 3,820 shares during the period. Martingale Asset Management L P boosted its holdings in Spok by 129.8% in the 1st quarter. Martingale Asset Management L P now owns 116,510 shares of the Wireless communications provider’s stock valued at $1,587,000 after purchasing an additional 65,800 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in Spok by 1.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 738,107 shares of the Wireless communications provider’s stock valued at $10,053,000 after purchasing an additional 8,272 shares during the last quarter. 6 Meridian boosted its holdings in Spok by 2.0% in the 2nd quarter. 6 Meridian now owns 35,039 shares of the Wireless communications provider’s stock valued at $527,000 after purchasing an additional 696 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Spok by 2.9% in the 2nd quarter. Bessemer Group Inc. now owns 68,200 shares of the Wireless communications provider’s stock valued at $1,026,000 after purchasing an additional 1,900 shares during the last quarter. 85.15% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub lowered Spok from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 24th.

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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