StockNews.com upgraded shares of Spok (NASDAQ:SPOK – Free Report) from a hold rating to a buy rating in a research note released on Friday morning.
Separately, B. Riley began coverage on shares of Spok in a research report on Thursday, September 26th. They set a “neutral” rating and a $15.00 price target for the company.
Read Our Latest Report on SPOK
Spok Trading Down 0.6 %
Insider Activity
In related news, COO Michael W. Wallace sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total value of $370,000.00. Following the transaction, the chief operating officer now directly owns 49,465 shares in the company, valued at approximately $732,082. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Vincent D. Kelly sold 45,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.83, for a total transaction of $667,350.00. Following the sale, the chief executive officer now owns 201,645 shares in the company, valued at approximately $2,990,395.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Michael W. Wallace sold 25,000 shares of Spok stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $14.80, for a total transaction of $370,000.00. Following the sale, the chief operating officer now directly owns 49,465 shares of the company’s stock, valued at $732,082. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.51% of the company’s stock.
Institutional Investors Weigh In On Spok
Large investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. bought a new position in shares of Spok during the 1st quarter valued at about $3,759,000. Acadian Asset Management LLC raised its stake in shares of Spok by 58.9% during the second quarter. Acadian Asset Management LLC now owns 321,157 shares of the Wireless communications provider’s stock worth $4,752,000 after acquiring an additional 119,102 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Spok during the first quarter worth approximately $1,868,000. Sei Investments Co. bought a new stake in shares of Spok in the 2nd quarter worth approximately $579,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Spok by 51.4% in the 1st quarter. GSA Capital Partners LLP now owns 104,258 shares of the Wireless communications provider’s stock valued at $1,663,000 after purchasing an additional 35,390 shares in the last quarter. Hedge funds and other institutional investors own 50.81% of the company’s stock.
Spok Company Profile
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.
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