Spok Holdings, Inc. (NASDAQ:SPOK) Sees Significant Decrease in Short Interest

Spok Holdings, Inc. (NASDAQ:SPOK) was the recipient of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 330,000 shares, a decline of 23.9% from the August 31st total of 433,700 shares. Based on an average daily volume of 117,600 shares, the short-interest ratio is presently 2.8 days.

Insider Buying and Selling

In other news, CEO Vincent D. Kelly sold 45,000 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $14.83, for a total value of $667,350.00. Following the sale, the chief executive officer now directly owns 201,645 shares in the company, valued at $2,990,395.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Spok news, COO Michael W. Wallace sold 25,000 shares of Spok 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 completion of the sale, the chief operating officer now directly owns 49,465 shares of the company’s stock, valued at approximately $732,082. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vincent D. Kelly sold 45,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.83, for a total value of $667,350.00. Following the completion of the transaction, the chief executive officer now owns 201,645 shares of the company’s stock, valued at $2,990,395.35. The disclosure for this sale can be found here. Insiders own 11.88% of the company’s stock.

Institutional Investors Weigh In On Spok

Several large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new stake in shares of Spok in the second quarter worth about $372,000. Magnetar Financial LLC acquired a new position in Spok during the 2nd quarter worth approximately $513,000. Sei Investments Co. purchased a new position in Spok in the 2nd quarter worth approximately $579,000. Renaissance Technologies LLC raised its stake in shares of Spok by 2.2% during the second quarter. Renaissance Technologies LLC now owns 1,014,722 shares of the Wireless communications provider’s stock valued at $15,028,000 after purchasing an additional 21,500 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Spok by 28.7% during the second quarter. American Century Companies Inc. now owns 20,321 shares of the Wireless communications provider’s stock worth $301,000 after purchasing an additional 4,530 shares in the last quarter. Institutional investors and hedge funds own 50.81% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. B. Riley began coverage on Spok in a research report on Thursday. They issued a “neutral” rating and a $15.00 price objective for the company. StockNews.com downgraded shares of Spok from a “buy” rating to a “hold” rating in a research note on Thursday.

Spok Stock Up 1.1 %

Shares of NASDAQ SPOK traded up $0.17 during trading on Friday, hitting $15.16. 145,025 shares of the company traded hands, compared to its average volume of 134,986. The firm has a market capitalization of $306.93 million, a P/E ratio of 18.27 and a beta of 0.33. The company has a 50-day moving average price of $15.09 and a 200-day moving average price of $15.27. Spok has a 1 year low of $13.24 and a 1 year high of $18.14.

Spok (NASDAQ:SPOK) last announced its quarterly earnings results on Wednesday, July 24th. The Wireless communications provider reported $0.17 EPS for the quarter. The company had revenue of $33.98 million during the quarter. Spok had a return on equity of 9.56% and a net margin of 11.19%.

Spok Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 19th were given a dividend of $0.313 per share. The ex-dividend date was Monday, August 19th. This represents a $1.25 dividend on an annualized basis and a yield of 8.26%. Spok’s dividend payout ratio (DPR) is 150.60%.

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.