Spok Holdings, Inc. (NASDAQ:SPOK) Director Todd J. Stein Purchases 139,704 Shares of Stock

Spok Holdings, Inc. (NASDAQ:SPOKGet Rating) Director Todd J. Stein acquired 139,704 shares of Spok stock in a transaction on Friday, September 16th. The stock was purchased at an average cost of $7.29 per share, with a total value of $1,018,442.16. Following the purchase, the director now directly owns 809,196 shares of the company’s stock, valued at approximately $5,899,038.84. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Spok Stock Performance

Shares of Spok stock opened at $7.19 on Tuesday. Spok Holdings, Inc. has a 52 week low of $6.13 and a 52 week high of $11.46. The stock has a 50 day moving average price of $6.94 and a two-hundred day moving average price of $7.27. The stock has a market capitalization of $141.60 million, a PE ratio of -5.71 and a beta of 0.34.

Spok (NASDAQ:SPOKGet Rating) last announced its quarterly earnings data on Wednesday, July 27th. The Wireless communications provider reported $0.10 EPS for the quarter. Spok had a negative return on equity of 3.08% and a negative net margin of 17.73%. The firm had revenue of $33.71 million during the quarter.

Spok Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 17th were issued a $0.313 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 17.41%. Spok’s dividend payout ratio is presently -99.21%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Spok from a “hold” rating to a “buy” rating in a research note on Friday, July 29th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its holdings in shares of Spok by 1.8% in the second quarter. Renaissance Technologies LLC now owns 1,195,314 shares of the Wireless communications provider’s stock valued at $7,530,000 after purchasing an additional 20,592 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Spok by 0.9% in the first quarter. Vanguard Group Inc. now owns 756,173 shares of the Wireless communications provider’s stock valued at $6,034,000 after purchasing an additional 6,917 shares in the last quarter. Western Standard LLC lifted its holdings in shares of Spok by 398.9% in the first quarter. Western Standard LLC now owns 670,498 shares of the Wireless communications provider’s stock valued at $4,613,000 after purchasing an additional 536,106 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Spok by 5.1% in the first quarter. BlackRock Inc. now owns 445,871 shares of the Wireless communications provider’s stock valued at $3,558,000 after purchasing an additional 21,486 shares in the last quarter. Finally, Foundry Partners LLC boosted its position in Spok by 46.0% in the second quarter. Foundry Partners LLC now owns 428,416 shares of the Wireless communications provider’s stock worth $2,699,000 after purchasing an additional 134,900 shares during the last quarter. Institutional investors own 54.50% of the company’s stock.

Spok Company Profile

(Get Rating)

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. It delivers clinical information to care teams when and where it matters to enhance patient outcomes. The company offers subscriptions to one-way or two-way messaging services; and ancillary services, such as voicemail, and equipment loss or maintenance protection services, as well as sells devices to resellers who lease or resell them to their subscribers.

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