Spok Holdings, Inc. (NASDAQ:SPOK) CEO Sells $492,000.00 in Stock

Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent D. Kelly sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $16.40, for a total transaction of $492,000.00. Following the transaction, the chief executive officer now directly owns 157,817 shares of the company’s stock, valued at approximately $2,588,198.80. This trade represents a 15.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Spok Stock Performance

Shares of SPOK stock opened at $16.44 on Friday. Spok Holdings, Inc. has a fifty-two week low of $13.55 and a fifty-two week high of $17.96. The firm has a market capitalization of $338.20 million, a P/E ratio of 22.52 and a beta of 0.51. The stock’s fifty day moving average is $15.80 and its two-hundred day moving average is $16.08.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, April 30th. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.07. Spok had a net margin of 10.66% and a return on equity of 9.20%. The company had revenue of $36.29 million during the quarter, compared to analysts’ expectations of $34.00 million. On average, equities analysts forecast that Spok Holdings, Inc. will post 0.76 earnings per share for the current year.

Spok Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Friday, May 23rd will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.25 dividend on an annualized basis and a yield of 7.60%. Spok’s payout ratio is 160.26%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com raised Spok from a “buy” rating to a “strong-buy” rating in a report on Saturday. B. Riley upgraded shares of Spok to a “strong-buy” rating in a research report on Thursday, May 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Spok by 2,263.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 198,419 shares of the Wireless communications provider’s stock valued at $2,988,000 after buying an additional 190,024 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Spok during the fourth quarter worth $1,253,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Spok by 133.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 105,241 shares of the Wireless communications provider’s stock valued at $1,689,000 after purchasing an additional 60,256 shares during the period. Inspire Investing LLC acquired a new position in shares of Spok in the 4th quarter valued at $801,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Spok by 67.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 110,997 shares of the Wireless communications provider’s stock worth $1,782,000 after purchasing an additional 44,896 shares during the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

About Spok

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.