Spok (NASDAQ:SPOK) Stock: Insider Brett Shockley Sells 16,245 Shares

Spok Holdings, Inc. (NASDAQ:SPOK) Director Brett Shockley sold 16,245 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $12.05, for a total value of $195,752.25. Following the completion of the transaction, the director directly owned 26,817 shares in the company, valued at $323,144.85. This trade represents a 37.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Spok Trading Down 2.7%

Shares of SPOK opened at $11.75 on Friday. The company has a market cap of $245.93 million, a price-to-earnings ratio of 13.20 and a beta of 0.47. The business’s fifty day simple moving average is $10.75 and its two-hundred day simple moving average is $11.27. Spok Holdings, Inc. has a 12 month low of $9.95 and a 12 month high of $13.98.

Spok (NASDAQ:SPOK) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.30. The firm had revenue of $33.00 million during the quarter, compared to analysts’ expectations of $34.70 million. Spok had a return on equity of 13.12% and a net margin of 13.88%.

Spok Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 9th. Shareholders of record on Wednesday, November 18th will be given a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $1.25 dividend on an annualized basis and a yield of 10.6%. Spok’s payout ratio is 140.45%.

Hedge Funds Weigh In On Spok

A number of institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management lifted its holdings in Spok by 36.2% in the third quarter. Triumph Capital Management now owns 6,771 shares of the Wireless communications provider’s stock valued at $71,000 after acquiring an additional 1,800 shares during the period. State of Wyoming grew its stake in shares of Spok by 160.3% during the 1st quarter. State of Wyoming now owns 10,013 shares of the Wireless communications provider’s stock valued at $109,000 after purchasing an additional 6,167 shares during the period. Amundi bought a new stake in shares of Spok during the 2nd quarter valued at about $125,000. Empowered Funds LLC bought a new stake in shares of Spok during the 1st quarter valued at about $166,000. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of Spok by 89.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 19,155 shares of the Wireless communications provider’s stock valued at $196,000 after purchasing an additional 9,021 shares during the last quarter. 50.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPOK. Weiss Ratings raised shares of Spok from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. Wall Street Zen upgraded shares of Spok from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Two research analysts have rated the stock with a Hold rating. According to MarketBeat.com, Spok currently has an average rating of “Hold” and an average target price of $14.00.

Spok Company Profile

Spok Holdings, Inc is a healthcare communications technology company that provides software and services designed to help healthcare organizations manage critical information and coordinate clinical workflows. Its customers include hospitals, health systems, integrated delivery networks, government agencies and other organizations that require reliable communication for patient care and operational activities.

The company’s offerings include secure messaging, clinical alerting, on-call scheduling, smartphone and mobile communications, operator console and contact-center capabilities, and workflow automation.