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

Spok Holdings, Inc. (NASDAQ:SPOK) CEO Vincent Kelly bought 5,000 shares of Spok stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $10.67 per share, with a total value of $53,350.00. Following the purchase, the chief executive officer owned 162,565 shares of the company’s stock, valued at $1,734,568.55. This trade represents a 3.17% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Spok Price Performance

Shares of NASDAQ SPOK traded up $0.08 during mid-day trading on Tuesday, hitting $10.74. The company had a trading volume of 373,134 shares, compared to its average volume of 180,357. The business’s 50-day simple moving average is $11.38 and its 200-day simple moving average is $12.75. Spok Holdings, Inc. has a 12 month low of $9.95 and a 12 month high of $19.31. The firm has a market cap of $224.36 million, a P/E ratio of 17.90 and a beta of 0.45.

Spok (NASDAQ:SPOK) last released its earnings results on Wednesday, April 29th. The Wireless communications provider reported $0.09 earnings per share 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 company had revenue of $33.23 million during the quarter, compared to the consensus estimate of $35.00 million. As a group, sell-side analysts predict that Spok Holdings, Inc. will post 0.66 EPS for the current year.

Spok Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 24th. Investors of record on Tuesday, May 26th will be paid a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Tuesday, May 26th. Spok’s dividend payout ratio (DPR) is presently 208.33%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPOK. Goldman Sachs Group Inc. lifted its stake in Spok by 33.4% during the first quarter. Goldman Sachs Group Inc. now owns 521,571 shares of the Wireless communications provider’s stock worth $8,575,000 after purchasing an additional 130,478 shares during the period. Millennium Management LLC increased its holdings in shares of Spok by 344.7% during the fourth quarter. Millennium Management LLC now owns 125,808 shares of the Wireless communications provider’s stock worth $1,659,000 after buying an additional 97,515 shares in the last quarter. Trexquant Investment LP increased its holdings in shares of Spok by 92.0% during the fourth quarter. Trexquant Investment LP now owns 170,653 shares of the Wireless communications provider’s stock worth $2,251,000 after buying an additional 81,784 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Spok by 6.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,246,579 shares of the Wireless communications provider’s stock worth $16,442,000 after buying an additional 74,029 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Spok by 8,427.8% during the second quarter. Lazard Asset Management LLC now owns 66,261 shares of the Wireless communications provider’s stock worth $1,171,000 after buying an additional 65,484 shares in the last quarter. Institutional investors own 50.81% of the company’s stock.

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.