Spok Holdings, Inc. (NASDAQ:SPOK) Director Barbara Peterson Byrne Sells 5,955 Shares

Spok Holdings, Inc. (NASDAQ:SPOKGet Free Report) Director Barbara Peterson Byrne sold 5,955 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $15.18, for a total transaction of $90,396.90. Following the sale, the director now directly owns 30,473 shares of the company’s stock, valued at approximately $462,580.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Spok Stock Performance

NASDAQ SPOK opened at $15.10 on Wednesday. Spok Holdings, Inc. has a one year low of $10.46 and a one year high of $18.14. The stock has a 50-day moving average of $15.81 and a 200 day moving average of $15.95. The company has a market capitalization of $305.78 million, a price-to-earnings ratio of 18.19 and a beta of 0.27.

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

Spok Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 24th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.313 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.25 annualized dividend and a dividend yield of 8.29%. Spok’s payout ratio is 150.60%.

Hedge Funds Weigh In On Spok

A number of institutional investors and hedge funds have recently modified their holdings of SPOK. SG Americas Securities LLC bought a new position in Spok in the third quarter valued at about $174,000. Bank of New York Mellon Corp lifted its stake in shares of Spok by 14.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 182,745 shares of the Wireless communications provider’s stock worth $2,608,000 after purchasing an additional 23,299 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Spok by 319.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 132,581 shares of the Wireless communications provider’s stock worth $1,892,000 after buying an additional 100,956 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Spok by 162.6% during the third quarter. Nisa Investment Advisors LLC now owns 5,015 shares of the Wireless communications provider’s stock valued at $72,000 after buying an additional 3,105 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Spok during the third quarter valued at approximately $950,000. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Spok from a “hold” rating to a “buy” rating in a research note on Tuesday.

View Our Latest Analysis on Spok

Spok Company Profile

(Get Free Report)

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.

Read More

Receive News & Ratings for Spok Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spok and related companies with MarketBeat.com's FREE daily email newsletter.