Insider Selling: Spok Holdings Inc (SPOK) Director Sells 65,376 Shares of Stock

Spok Holdings Inc (NASDAQ:SPOK) Director Todd J. Stein sold 65,376 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $15.84, for a total transaction of $1,035,555.84. Following the transaction, the director now owns 2,973 shares of the company’s stock, valued at approximately $47,092.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NASDAQ:SPOK traded up $0.07 during trading hours on Friday, hitting $16.45. 10,162 shares of the company were exchanged, compared to its average volume of 96,278. Spok Holdings Inc has a 52-week low of $12.21 and a 52-week high of $16.91.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, May 24th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.04%. The ex-dividend date is Thursday, May 23rd.

Large investors have recently added to or reduced their stakes in the business. Stone Ridge Asset Management LLC boosted its holdings in shares of Spok by 15.9% in the 4th quarter. Stone Ridge Asset Management LLC now owns 49,375 shares of the Wireless communications provider’s stock valued at $655,000 after acquiring an additional 6,791 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its holdings in shares of Spok by 99.6% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 21,960 shares of the Wireless communications provider’s stock valued at $322,000 after acquiring an additional 10,960 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Spok by 15.7% in the 4th quarter. Mackenzie Financial Corp now owns 26,781 shares of the Wireless communications provider’s stock valued at $355,000 after acquiring an additional 3,631 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Spok by 9.5% in the 4th quarter. SG Americas Securities LLC now owns 109,354 shares of the Wireless communications provider’s stock valued at $1,450,000 after purchasing an additional 9,524 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Spok by 13.8% in the 4th quarter. Rhumbline Advisers now owns 65,994 shares of the Wireless communications provider’s stock valued at $875,000 after purchasing an additional 7,992 shares during the period. 82.99% of the stock is currently owned by institutional investors.

Separately, BidaskClub downgraded shares of Spok from a “buy” rating to a “hold” rating in a research report on Friday, March 1st.

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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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Insider Buying and Selling by Quarter for Spok (NASDAQ:SPOK)

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