Spok Holdings, Inc. (NASDAQ:SPOK – Get Rating) CEO Vincent D. Kelly purchased 5,000 shares of Spok stock in a transaction that occurred on Thursday, November 17th. The shares were bought at an average cost of $8.25 per share, for a total transaction of $41,250.00. Following the transaction, the chief executive officer now directly owns 276,898 shares of the company’s stock, valued at $2,284,408.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Spok Stock Up 0.4 %
NASDAQ SPOK opened at $8.19 on Monday. Spok Holdings, Inc. has a twelve month low of $6.13 and a twelve month high of $10.14. The company has a market cap of $161.38 million, a price-to-earnings ratio of -8.36 and a beta of 0.33. The business’s fifty day moving average is $7.90 and its 200 day moving average is $7.26.
Spok Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Wednesday, November 16th will be issued a dividend of $0.313 per share. This represents a $1.25 annualized dividend and a dividend yield of 15.29%. The ex-dividend date of this dividend is Tuesday, November 15th. Spok’s dividend payout ratio (DPR) is -127.55%.
Analyst Upgrades and Downgrades
Institutional Investors Weigh In On Spok
Several hedge funds have recently modified their holdings of the company. Jump Financial LLC boosted its holdings in shares of Spok by 8.9% during the 3rd quarter. Jump Financial LLC now owns 14,700 shares of the Wireless communications provider’s stock valued at $112,000 after acquiring an additional 1,200 shares in the last quarter. Formidable Asset Management LLC raised its position in Spok by 2.3% during the 3rd quarter. Formidable Asset Management LLC now owns 71,560 shares of the Wireless communications provider’s stock worth $547,000 after purchasing an additional 1,590 shares during the last quarter. Royal Bank of Canada raised its position in Spok by 8.8% during the 3rd quarter. Royal Bank of Canada now owns 24,600 shares of the Wireless communications provider’s stock worth $188,000 after purchasing an additional 2,000 shares during the last quarter. Bank of New York Mellon Corp raised its position in Spok by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 196,988 shares of the Wireless communications provider’s stock worth $1,505,000 after purchasing an additional 2,931 shares during the last quarter. Finally, Barclays PLC raised its position in Spok by 9.2% during the 3rd quarter. Barclays PLC now owns 38,450 shares of the Wireless communications provider’s stock worth $294,000 after purchasing an additional 3,233 shares during the last quarter. Institutional investors and hedge funds own 54.50% of the company’s stock.
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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