Spok (NASDAQ:SPOK) Director Sells $93,849.60 in Stock

Spok Holdings, Inc. (NASDAQ:SPOK) Director Christine Cournoyer sold 8,320 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $11.28, for a total value of $93,849.60. Following the transaction, the director directly owned 16,261 shares in the company, valued at approximately $183,424.08. The trade was a 33.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Spok Stock Performance

SPOK opened at $11.00 on Friday. Spok Holdings, Inc. has a one year low of $9.95 and a one year high of $18.79. The stock has a market capitalization of $230.10 million, a P/E ratio of 18.97 and a beta of 0.48. The business’s 50-day simple moving average is $10.71 and its 200-day simple moving average is $11.43.

Spok (NASDAQ:SPOK) last released its quarterly earnings results on Wednesday, July 29th. The Wireless communications provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. Spok had a net margin of 9.00% and a return on equity of 8.50%. The firm had revenue of $35.01 million during the quarter, compared to the consensus estimate of $34.30 million. On average, equities research analysts forecast that Spok Holdings, Inc. will post 0.66 EPS for the current fiscal year.

Spok Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Spok’s dividend payout ratio is 215.52%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its holdings in Spok by 305.4% in the third quarter. Parallel Advisors LLC now owns 1,796 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 1,353 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Spok by 69.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,465 shares of the Wireless communications provider’s stock worth $33,000 after acquiring an additional 1,013 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Spok by 182.8% in the 4th quarter. Royal Bank of Canada now owns 3,100 shares of the Wireless communications provider’s stock worth $40,000 after acquiring an additional 2,004 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Spok by 40.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,613 shares of the Wireless communications provider’s stock worth $46,000 after acquiring an additional 747 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Spok by 319.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,774 shares of the Wireless communications provider’s stock valued at $49,000 after purchasing an additional 2,113 shares in the last quarter. 50.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPOK. Weiss Ratings upgraded Spok from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Spok from a “sell” rating to a “hold” rating in a research report on Sunday, July 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.00.

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.