Spok (NASDAQ:SPOK) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Spok Holdings, Inc. (NASDAQ:SPOK) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.48 and traded as high as $11.60. Spok shares last traded at $11.33, with a volume of 134,714 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SPOK shares. Weiss Ratings upgraded shares of Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of Spok from a “sell” rating to a “hold” rating in a report on Sunday, July 5th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Spok presently has an average rating of “Hold” and an average target price of $14.00.

Spok Trading Down 4.0%

The firm’s 50-day moving average price is $10.70 and its 200-day moving average price is $11.47. The stock has a market capitalization of $229.70 million, a PE ratio of 18.93 and a beta of 0.48.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, July 29th. The Wireless communications provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $35.01 million for the quarter, compared to analysts’ expectations of $34.30 million. Spok had a return on equity of 8.50% and a net margin of 9.00%. On average, equities research analysts predict that Spok Holdings, Inc. will post 0.66 earnings per share for the current fiscal year.

Spok Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Wednesday, August 19th will be issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 11.4%. The ex-dividend date is Wednesday, August 19th. Spok’s dividend payout ratio is presently 215.52%.

Insider Transactions at Spok

In related news, Director Christine Cournoyer sold 8,320 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $11.28, for a total value of $93,849.60. Following the completion of the sale, the director directly owned 16,261 shares in the company, valued at $183,424.08. This trade represents a 33.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Spok

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in Spok in the second quarter worth $2,397,000. Goldman Sachs Group Inc. boosted its stake 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 valued at $8,575,000 after purchasing an additional 130,478 shares during the period. Millennium Management LLC boosted its stake in shares of Spok by 344.7% during the fourth quarter. Millennium Management LLC now owns 125,808 shares of the Wireless communications provider’s stock valued at $1,659,000 after purchasing an additional 97,515 shares during the period. Trexquant Investment LP grew its holdings in shares of Spok by 92.0% in the fourth quarter. Trexquant Investment LP now owns 170,653 shares of the Wireless communications provider’s stock worth $2,251,000 after purchasing an additional 81,784 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Spok by 6.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,246,579 shares of the Wireless communications provider’s stock worth $16,442,000 after purchasing an additional 74,029 shares during the last quarter. Institutional investors own 50.81% of the company’s stock.

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.