Spok (NASDAQ:SPOK) CEO Purchases $53,350.00 in Stock

Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent Kelly acquired 5,000 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $10.67 per share, with a total value of $53,350.00. Following the transaction, the chief executive officer directly owned 162,565 shares of the company’s stock, valued at $1,734,568.55. This represents a 3.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Spok Stock Down 0.1%

Shares of NASDAQ:SPOK opened at $10.93 on Friday. Spok Holdings, Inc. has a 52-week low of $9.95 and a 52-week high of $19.31. The company has a 50 day moving average of $11.31 and a two-hundred day moving average of $12.64. The company has a market capitalization of $228.33 million, a price-to-earnings ratio of 18.22 and a beta of 0.45.

Spok (NASDAQ:SPOK) last issued its quarterly earnings data on Wednesday, April 29th. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.09). Spok had a net margin of 9.27% and a return on equity of 8.64%. The firm had revenue of $33.23 million during the quarter, compared to analyst estimates of $35.00 million. On average, equities analysts anticipate that Spok Holdings, Inc. will post 0.66 earnings per share for the current year.

Spok Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Tuesday, May 26th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.25 annualized dividend and a yield of 11.4%. Spok’s dividend payout ratio (DPR) is 208.33%.

Hedge Funds Weigh In On Spok

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC lifted its stake in Spok by 1.2% during the first quarter. Renaissance Technologies LLC now owns 1,261,579 shares of the Wireless communications provider’s stock worth $13,751,000 after purchasing an additional 15,000 shares during the last quarter. Keebeck Wealth Management lifted its stake in Spok by 25.0% during the first quarter. Keebeck Wealth Management now owns 50,000 shares of the Wireless communications provider’s stock worth $545,000 after purchasing an additional 10,000 shares during the last quarter. State of Wyoming lifted its stake in Spok by 160.3% during the first quarter. State of Wyoming now owns 10,013 shares of the Wireless communications provider’s stock worth $109,000 after purchasing an additional 6,167 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Spok by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 715,869 shares of the Wireless communications provider’s stock worth $7,804,000 after purchasing an additional 12,043 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Spok by 2.3% during the first quarter. Bank of New York Mellon Corp now owns 217,803 shares of the Wireless communications provider’s stock worth $2,374,000 after purchasing an additional 4,987 shares during the last quarter. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings cut Spok from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. B. Riley Financial cut Spok from a “buy” rating to a “neutral” rating and reduced their target price for the company from $21.00 to $14.00 in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Spok currently has a consensus rating of “Hold” and an average 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.