Spok (NASDAQ:SPOK) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Spok Holdings, Inc. (NASDAQ:SPOK)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $15.10 and traded as high as $17.08. Spok shares last traded at $17.05, with a volume of 129,487 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SPOK. B. Riley started 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. StockNews.com raised shares of Spok from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

Spok Stock Performance

The company has a market cap of $345.60 million, a P/E ratio of 23.36 and a beta of 0.33. The business has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $15.11.

Spok Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.313 per share. The ex-dividend date is Monday, November 18th. This represents a $1.25 annualized dividend and a yield of 7.34%. Spok’s payout ratio is 171.23%.

Insider Transactions at Spok

In related news, COO Michael W. Wallace sold 25,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $14.80, for a total transaction of $370,000.00. Following the completion of the sale, the chief operating officer now owns 49,465 shares of the company’s stock, valued at $732,082. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Michael W. Wallace sold 25,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 49,465 shares of the company’s stock, 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 can be accessed through the SEC website. Also, CEO Vincent D. Kelly sold 45,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders own 10.51% of the company’s stock.

Institutional Trading of Spok

A number of large investors have recently modified their holdings of the company. Foundry Partners LLC grew its position in Spok by 1.0% in the 3rd quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock worth $6,585,000 after purchasing an additional 4,120 shares during the last quarter. Quest Partners LLC bought a new position in Spok in the 3rd quarter worth approximately $473,000. nVerses Capital LLC acquired a new stake in Spok in the 3rd quarter valued at approximately $27,000. Redhawk Wealth Advisors Inc. raised its stake in Spok by 10.6% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 14,631 shares of the Wireless communications provider’s stock valued at $220,000 after acquiring an additional 1,408 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Spok during the 3rd quarter worth $116,000. Institutional investors and hedge funds 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.