Spok (NASDAQ:SPOK) Downgraded to Hold at StockNews.com

Spok (NASDAQ:SPOK) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Spok Trading Down 0.3 %

NASDAQ:SPOK opened at $14.33 on Monday. The stock’s 50-day moving average is $16.19 and its 200-day moving average is $15.94. The stock has a market cap of $290.18 million, a P/E ratio of 17.27 and a beta of 0.27. Spok has a 1-year low of $10.46 and a 1-year high of $18.14.

Spok (NASDAQ:SPOK) last posted its earnings results on Wednesday, May 1st. The Wireless communications provider reported $0.21 earnings per share for the quarter. The firm had revenue of $34.91 million for the quarter. Spok had a net margin of 11.93% and a return on equity of 10.23%.

Insider Transactions at Spok

In related news, Director Todd J. Stein sold 25,927 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $17.92, for a total value of $464,611.84. Following the transaction, the director now owns 696,637 shares in the company, valued at $12,483,735.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 11.88% of the company’s stock.

Institutional Investors Weigh In On Spok

Several large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its stake in Spok by 439.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,913 shares of the Wireless communications provider’s stock valued at $76,000 after acquiring an additional 4,003 shares during the period. Nisa Investment Advisors LLC increased its stake in Spok by 162.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,015 shares of the Wireless communications provider’s stock valued at $72,000 after purchasing an additional 3,105 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Spok during the 4th quarter valued at $126,000. BNP Paribas Financial Markets raised its holdings in Spok by 82.8% during the first quarter. BNP Paribas Financial Markets now owns 8,577 shares of the Wireless communications provider’s stock worth $137,000 after buying an additional 3,884 shares during the last quarter. Finally, Corton Capital Inc. bought a new position in shares of Spok in the third quarter valued at $149,000. 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.