Vincent D. Kelly Acquires 2,500 Shares of Spok Holdings, Inc. (NASDAQ:SPOK) Stock

Spok Holdings, Inc. (NASDAQ:SPOKGet Rating) CEO Vincent D. Kelly purchased 2,500 shares of the business’s stock in a transaction on Thursday, September 15th. The shares were acquired at an average cost of $7.32 per share, with a total value of $18,300.00. Following the acquisition, the chief executive officer now directly owns 269,398 shares in the company, valued at $1,971,993.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Spok Stock Down 0.3 %

Shares of Spok stock opened at $7.17 on Wednesday. The business has a fifty day simple moving average of $6.95 and a two-hundred day simple moving average of $7.26. Spok Holdings, Inc. has a 1 year low of $6.13 and a 1 year high of $11.46.

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

Spok Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.313 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 17.46%. The ex-dividend date of this dividend was Tuesday, August 16th. Spok’s dividend payout ratio is currently -99.21%.

Institutional Investors Weigh In On Spok

A number of hedge funds and other institutional investors have recently modified their holdings of SPOK. Advisor Group Holdings Inc. lifted its holdings in shares of Spok by 8,500.0% during the fourth quarter. Advisor Group Holdings Inc. now owns 8,600 shares of the Wireless communications provider’s stock worth $80,000 after buying an additional 8,500 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Spok by 3.6% during the fourth quarter. Northern Trust Corp now owns 70,128 shares of the Wireless communications provider’s stock worth $654,000 after buying an additional 2,406 shares in the last quarter. Maven Securities LTD acquired a new stake in shares of Spok during the fourth quarter worth $257,000. Corton Capital Inc. acquired a new stake in shares of Spok during the fourth quarter worth $390,000. Finally, Western Standard LLC acquired a new stake in shares of Spok during the fourth quarter worth $1,254,000. Institutional investors and hedge funds own 54.50% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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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Insider Buying and Selling by Quarter for Spok (NASDAQ:SPOK)

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